Affymetrix Announces $41,250,000 Senior Convertible Notes Over-Allotment Closing.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Affymetrix, Inc., (Nasdaq:AFFX) today announced the issuance of an additional $41,250,000 aggregate principal amount of unsecured 3.50% Senior Convertible Notes due 2038 pursuant to an over-allotment option granted to the Company's underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. in connection with its previously announced offering of $275,000,000 aggregate principal amount of unsecured 3.50% Senior Convertible Notes due 2038. The additional notes were sold pursuant to the previously filed automatically effective shelf registration statement. J.P. Morgan Securities Inc. acted as the sole book-running manager of the offering. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: All statements in this press release that are not historical are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " under the federal securities laws. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited the Company's anticipated use of proceeds. For a detailed discussion of these and other cautionary statements and risk factors, please refer to the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006 and other SEC reports. Affymetrix expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Affymetrix' expectations or any change in events, conditions, or circumstances on which any such statements are based. PLEASE NOTE: Affymetrix and the Affymetrix logo are trademarks owned or used by Affymetrix, Inc. |
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