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Article: EnerSys Announces Proposed Concurrent Public Offerings of Senior Convertible Notes and Common Stock.
- Article from:
- PR Newswire
- Article date:
- May 19, 2008
CopyrightCOPYRIGHT 2008 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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NEW YORK, May 19 /PRNewswire-FirstCall/ -- EnerSys announced today its intention to offer to sell, subject to market and other conditions, approximately $150 million aggregate principal amount of convertible senior notes due 2038 pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission today. EnerSys may sell up to an additional $22.5 million in aggregate principal amount of notes upon exercise of an option that EnerSys expects to grant to the underwriters in connection with the offering.
The notes will be convertible, under certain circumstances, into cash, shares of EnerSys common stock or a combination of cash ...