AMI Semiconductor Announces Pricing of Its Initial Public Offering of Common Stock.Business Editors/High-Tech Writers POCATELLO, Idaho--(BUSINESS WIRE)--Sept. 24, 2003 AMIS A·mis , Kingsley 1922-1995. British writer best known for his novels, including Lucky Jim (1954) and Jake's Thing (1978). Holdings, Inc., parent company of AMI Semiconductor, Inc., today announced the pricing of its initial public offering of common stock, which is expected to begin trading on the Nasdaq National Market under the symbol "AMIS" today. The Company has agreed to sell 25,145,000 shares of its common stock at $20.00 per share. Certain selling stockholders have agreed to sell an additional 4,855,000 shares at the same price. The underwriters have been granted the right to purchase up to an additional 4,500,000 shares of common stock if they exercise their over-allotment option in full, of which 2,306,743 shares are being offered by the Company and 2,193,257 shares are being offered by selling stockholders. The managing underwriters of the offering are Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Goldman Sachs & Co., Lehman Brothers, Merrill Lynch & Co., UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Investment Bank, SoundView Technology Group and U.S. Bancorp Piper Jaffray. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering, together with the proceeds of a new $125.0 million senior term loan, will be used by AMIS to, (i) repay $39.9 million principal balance of its existing term loan; (ii) redeem $70.0 million principal amount of its senior subordinated notes at a total cost of $77.5 million plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. ; and (iii) redeem all of its outstanding redeemable preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . AMIS is a leader in the design and manufacture of customer specific integrated mixed signal semiconductor products. AMIS focuses on the automotive, medical and industrial markets, which have significant analog interface requirements for real world applications. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained by writing to or calling the Prospectus Department of either Credit Suisse First Boston at Eleven Madison Avenue, New York, NY 10010, 212-325-2580 or Goldman, Sachs & Co. at 85 Broad Street, New York, NY 10004, 212-902-1000. |
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