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Article: Merix Corporation Announces $25 Million Convertible Financing.
- Article from:
- Business Wire
- Article date:
- May 30, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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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Business Editors
FOREST GROVE, Ore.--(BUSINESS WIRE)--May 30, 2002
Merix Corporation (Nasdaq:MERX), a leading manufacturer of technologically advanced electronic interconnect solutions, today announced that the Company has privately sold $25 million of 6.5% Convertible Debentures due May 2007.
The Company will use a portion of the proceeds from the sale to retire in full the remaining $16 million principal amount of its 7.92% notes due 2003 and the balance for general corporate purposes, including working capital to support new growth, capital expenditures, and potential acquisitions. The Debentures are unsecured, are convertible into shares of ...