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Emulex prices offering of USD 150 mln worth of notes

Thursday 14 November 2013 | 11:18 CET | News
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Converged networking services provider Emulex has priced its private offering of USD 150 million worth of senior notes (1.75%) due 2018, and possible greenshoe of USD 25 million more shares. The initial conversion rate of the notes is 97,1322 shares per USD 1,000 worth of notes, or around USD 10.30 per share. The notes will be convertible before 15 August. Emulex said it will use the net proceeds for general corporate purposes, including a planned share buy-back. Goldman, Sachs is acting as the sole initial purchaser.

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Categories: Fixed
Companies: Emulex
Countries: World
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