Monitor for the merger closing announcement and any updates on the redemption conditions — the note redemption is a procedural step confirming deal progression rather than a standalone catalyst.
Price Chart
Executive Summary
Atkore Inc. filed an 8-K disclosing a conditional notice of redemption for all $400M of its 4.25% Senior Notes due 2031, contingent on the completion of its pending merger with Prysmian S.p.A. The redemption at 102.125% of par is a procedural step tied to the merger closing, with no standalone financial impact on the common equity.
Key Facts
- Atkore gave conditional notice to redeem all $400,000,000 aggregate principal amount of 4.25% Senior Notes due 2031
- Redemption price is 102.125% of principal ($1,021.25 per $1,000 principal) plus accrued interest
- Redemption is conditioned on completion of the merger with Prysmian S.p.A. and receipt of sufficient funds from Buyer
- Redemption date is October 19, 2026, subject to delay or rescission if conditions not met
- The merger agreement was dated August 2, 2026, with Trinity Merger Sub, Inc. merging into Atkore
Financial Impact
Up to $408.5M total redemption cost (102.125% of $400M) plus accrued interest; no impact on common equity as this is a debt refinancing event tied to the merger
Risk Factors
- Redemption may be delayed or rescinded if merger conditions are not satisfied or waived
- No assurance that conditions precedent to the redemption will be satisfied
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001666138-26-000039 |
| Document: 0001666138-26-000039-index-headers.html | 0001666138-26-000039 |
| Document: 0001666138-26-000039-index.html | 0001666138-26-000039 |
| Document: 0001666138-26-000039.txt | 0001666138-26-000039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | 25-NSE | $94.97 | awaiting T+20 | — | — |
Oct 19, 2026 8d ago | 8-K | $94.97 | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | 8-K | $94.84 | awaiting T+20 | — | — |
Sep 29, 2026 27d ago | DEFA14A | $94.75 | awaiting T+20 | — | — |
Sep 15, 2026 6w ago | DEFA14A / 8-K | $94.55 $94.88 | ▲ +0.35% | ▼ −2.63% | — |
Sep 9, 2026 6w ago | DEFM14A | $94.21 $94.85 | ▲ +0.68% | ▼ −1.26% | — |
Aug 28, 2026 8w ago | PREM14A | $93.60 $94.60 | ▲ +1.07% | ▲ +0.81% | — |
Aug 26, 2026 8w ago | Institutional Cluster | $93.63 $94.47 | ▲ +0.90% | ▼ −0.31% | — |
Aug 3, 2026 12w ago | DEFA14A | $93.53 $93.63 | ▲ +0.11% | ▲ +1.34% | — |
Aug 3, 2026 12w ago | DEFA14A | $93.55 $93.69 | ▲ +0.15% | ▼ −1.09% | — |
US Market Status
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