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Article: National Data Corporation Completes Convertible Debt Offering
- Article from:
- PR Newswire
- Article date:
- November 1, 1996
CopyrightCOPYRIGHT 1996 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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ATLANTA, Nov. 1 /PRNewswire/ -- National Data Corporation (NYSE: NDC) today announced that it has completed its offering of $125,000,000 of 5% convertible, subordinated notes due November 1, 2003. The underwriters have an over-allotment option to purchase an additional $18,750,000 aggregate principal amount of the notes. The notes are convertible at any time prior to maturity, at the option of the holder, into shares of common stock of National Data at a conversion rate of 19.1465 shares per each $1,000 principal amount of notes (equivalent to a conversion price of approximately $52.229 per share).
Goldman, Sachs & Co. was the book running lead manager for ...