Advanced Medical Inc. announces Exchange Offer for its outstanding Convertible Subordinated Debentures.SAN DIEGO--(BUSINESS WIRE)--April 21, 1995--Advanced Medical Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AMA (Automatic Message Accounting) The recording and reporting of telephone calls within a telephone system. It includes the calling and called parties and start and stop times of the call. ) Friday announced that it has commenced an issuer tender offer (the "Exchange Offer") to exchange its 15% Subordinated Debentures due July 15, 1999 ("New Debentures") and shares of its common stock, $.01 par value ("Common Stock"), for its outstanding 7-1/4% Convertible Subordinated Debentures due Jan. 15, 2002 ("Old Debentures") in the ratio of $500 principal amount of New Debentures and 47 shares of Common Stock for each $1,000 principal amount of Old Debentures tendered. The Exchange Offer is being made pursuant to an Exchange Circular dated April 21, 1995 and related Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. , copies of which Advanced Medical intends to deliver to each Old Debenture holder. The New Debentures, which become due in 1999, otherwise will rank equally with Advanced Medical's outstanding Old Debentures. The Exchange Offer will expire at 5 p.m. New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time on May 19, 1995, unless extended by Advanced Medical. Requests for copies of the Exchange Circular and the Letter of Transmittal may be obtained, at the expense of Advanced Medical, from D.F. King & Co. Inc., the Information Agent for the Exchange Offer, at: 77 Water Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. 10005, or by telephone, 212/269-5550 (collect) or 800/669-5550 (toll-free). This press release shall not constitute an offer to exchange or the solicitation of an offer to exchange, nor shall there be any exchange of the securities in any state which such offer, solicitation or exchange will be unlawful prior to the registration or qualification under the securities laws of any such state. Advanced Medical, through its IMED IMED International Medical Education Directory Corp. subsidiary, is one of the country's largest manufacturers of intravenous infusion pumps and disposable administration sets. CONTACT: Advanced Medical Inc., San Diego Joseph W. Kuhn, 619/566-0426 |
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