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Meritor, Inc. Announces Conversion Option for 7.875% Convertible Senior Notes Due 2026

Dec 31, 2018 - PR Newswire

PR Newswire

 Meritor, Inc. (NYSE:MTOR) today announced that it is notifying holders of its 7.875% Convertible Senior Notes due 2026 (the "Notes") that they are entitled to convert all or a portion of their Notes at any time beginning January 2, 2019 and prior to the close of business on March 29, 2019 at a rate of 83.3333 shares of common stock per $1,000 principal amount at maturity of the Notes (representing a conversion price of approximately $12.00 per share). The Notes are convertibl...