Lowenstein Sandler recently represented Altair Engineering Inc. (Nasdaq: ALTR) (“Altair”) in an underwritten offering of $230 million aggregate principal amount of convertible senior notes due 2024.
Altair intends to use a portion of the net proceeds received from the offering to repay outstanding indebtedness and to use the remaining net proceeds for acquisitions of, or investments in, technologies, solutions, or businesses that complement Altair’s business and other general corporate purposes, including working capital, developing and building an addition adjacent to Altair’s corporate headquarters facilities and related real estate development matters, sales and marketing activities, general and administrative matters, and capital expenditures.
Lowenstein Sandler also represented Altair in its November 2017 initial public offering, its June 2018 follow-on offering, and its December 2018 acquisition of Datawatch Corporation.
Altair is a global technology company that provides software and cloud solutions in the areas of product development, high-performance computing, and data intelligence. Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future.
The Lowenstein team included Peter H. Ehrenberg, James O’Grady, Lowell A. Citron, Doreen M. Edelman, Kate Basmagian, Elizabeth A. Mandle, Stefanie Manna, and Lauren E. Killeen.
