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Article: GSI Commerce to Offer $100 Million Senior Convertible Notes.
- Article from:
- PR Newswire
- Article date:
- June 26, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KING OF PRUSSIA, Pa., June 26 /PRNewswire-FirstCall/ -- GSI Commerce Inc. , a leading provider of e-commerce solutions, today announced the company intends to offer, subject to market and other considerations, $100 million aggregate principal amount of unsecured convertible senior notes due 2027 in a private offering under the Securities Act of 1933, as amended (the "Securities Act"). GSI also intends to grant the initial purchaser of the notes an over-allotment option to purchase up to $15 million aggregate principal amount of additional notes. The notes will be convertible under certain circumstances. Upon conversion of the notes, holders will receive, at GSI's ...