Apogent Technologies Inc. Announces Completion of Senior Convertible Contingent Debt Securities Offering -CODES-.Business/Technology Editors BIOWIRE2K PORTSMOUTH, N.H.--(BW HealthWire)--Oct. 11, 2001 Apogent Technologies Inc. (NYSE NYSE See: New York Stock Exchange :AOT AOT Agency of Transportation (Vermont, USA) AOT Ahead-of-Time AOT Assisted Outpatient Treatment AOT Aerosol Optical Thickness AOT All of Them (band) AOT As Opposed To AOT Among Other Things ), a leading manufacturer of laboratory and life science consumables and instrumentation, announced that it completed, on October 10, 2001, its offering of $250 million senior convertible contingent debt securities (CODES) due 2021. The initial purchasers also exercised in full their option to purchase additional CODES, resulting in the issuance of an additional $50 million of CODES. Therefore, the total amount raised by Apogent in this offering was $300 million before fees and expenses. The CODES have a cash coupon of 2.25% and are convertible, subject to certain conditions, into Apogent common stock at a price of $30.49 per share. Apogent's obligations under the CODES are guaranteed by certain of its U.S. subsidiaries. Apogent will use 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 this offering to repay outstanding indebtedness and for other general corporate purposes. The CODES, the guarantees and the common stock issuable upon conversion of the CODES have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and have been offered only to qualified institutional buyers In law, a Qualified Institutional Buyer is a purchaser of securities that is financially sophisticated and is legally recognized by security market regulators to need less protection from sellers than most members of the public. in reliance on Rule 144A Rule 144A A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves. and to certain persons in offshore transactions pursuant to Regulation S under the Securities Act of 1933. Unless so registered, the CODES, the guarantees and the common stock issued upon conversion of the CODES may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities. |
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