Baby Superstore, Inc. Prices $100 Million of 4 7/8% Convertible Subordinated Notes Due 2000.GREENVILLE, S.C.--(BUSINESS WIRE)--Sept. 28, 1995--Baby Superstore su·per·store n. A very large retail store that stocks highly diversified merchandise, such as groceries, toys, and camera equipment, or a wide variety of mechandise in a specific product line, such as computers or sporting goods. , Inc. announced the public offering of $100 million of 4 7/8% Convertible Subordinated Notes Due October 1, 2000, priced at 100% of their principal amount. The Notes are convertible into Common Stock of the Company at any time on or before October 1, 2000, unless previously redeemed, at a conversion price of $53.875 per share, subject to adjustment in certain events. The Notes are redeemable, in whole or in part, at the option of the Company at any time on or after October 3, 1997 at the redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. of 102.44% of their principal amount declining to par on and after October 1, 1999. The Company has granted the Underwriters an option to purchase up to an additional $15 million principal amount of Notes to cover over-allotments, if any. CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. and Invemed Associates, Inc. are the Underwriters for the offering of Notes. The Company 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). from its offering of Notes to fund the Company's new store expansion program and provide for working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and other general corporate purposes. The Company is a leading large format retailer of baby and young children's products 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. , operating 47 superstores in metropolitan markets in 14 states primarily in the southeast and midwest. Substantially all of the products sold by the Company are directed toward newborns and children up to three years old. CONTACT: CS First Boston Corporation Joseph D. Fashano Vice President, Investment Banking 212/909-2107 |
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