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Article: Western Digital Corp. to issue subordinated convertible debentures.
- Article from:
- PR Newswire
- Article date:
- April 20, 1989
CopyrightCOPYRIGHT 1989 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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WESTERN DIGITAL CORP. TO ISSUE SUBORDINATED CONVERTIBLE DEBENTURES
IRVINE, Calif., April 20 /PRNewswire/ -- Western Digital Corp. (AMEX: WDC) today announced that it plans to file a registration statement in the near future covering a proposed public offering of approximately $60,000,000 face amount of subordinated convertible debentures. The company expects to use the net proceeds of this offering to reduce borrowings under existing credit lines which will then be available to finance future growth and working capital needs. The offering of the convertible debentures will be made only by means ...