Altair Engineering IPO

10/31/2017

IPO

$156,000,000

We currently intend to use $70.5 million of the net proceeds of this offering to repay our term loan, which had an outstanding balance of $52.5 million as of June 30, 2017 and to pay off the revolving credit balance under our credit facility as set forth in the Credit Agreement. At June 30, 2017, we were required to make quarterly principal payments on Term Loan A of $2.5 million in 2017, 2018 and March 2019. Any outstanding principal balance is to be paid in full on the maturity date of April 18, 2019. At December 31, 2015 and 2016, and June 30, 2017, respectively, there was $67.1 million, $57.5 million, and $52.5 million outstanding under Term Loan A at an interest rate of 2.2%, 2.6% and 2.8%. We entered into a new revolving credit facility in October, 2017 and intend to use the above referenced net proceeds to pay the related fees and expenses.

Publicly-held

Engineering

1820 Big Beaver Rd.
Troy, MI 48083
USA

Altair Engineering (NASDAQ: ALTR) empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of business and engineering information.