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Article: Hexcel Corporation Signs Agreements to Issue $125 Million of Equity Securities.
- Article from:
- Business Wire
- Article date:
- December 18, 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
STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 18, 2002
Proceeds will provide for payment at maturity of 7% Convertible
Subordinated Notes due August 1, 2003 and reduce senior bank debt
Hexcel planning to refinance its senior credit facility with new
senior debt having a term of four years or more
Hexcel Corporation (NYSE/PCX: HXL) today announced that it has entered into definitive agreements providing for $125 million of new equity financing through the issuance for cash of a total of 125,000 shares of a series A convertible preferred stock and 125,000 shares of a series B convertible preferred stock.