Costco Companies, Inc. Files Registration Statement With the Securities and Exchange Commission.ISSAQUAH, Wash.--(BUSINESS WIRE)--Nov. 21, 1997--Costco Companies, Inc. (the "Company")(Nasdaq: COST) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the resale by existing security holders of $900,000,000 principal amount at maturity Zero Coupon Convertible Notes due 2017 and 10,219,050 shares of Costco common stock into which the Notes are convertible. The Company originally sold the Notes on Aug. 19, 1997, priced with a yield to maturity of 3 1/2 %, resulting in gross proceeds to the Company of $449,640,000. The Company will not receive any portion of the proceeds from the resale of the securities. The Company currently operates 268 warehouses, including 204 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. , 56 in Canada, seven in the United Kingdom, and one warehouse in Taiwan. Included in the 268 warehouse total are eight recent openings -- in Atlanta, Ga.; Edinburgh, Scotland; King of Prussia King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.; St. Jerome, Quebec; East Hanover East Hanover is the name of the following places in the United States of America:
Kingston is the county seat of Frontenac County. ; Denver, Colo.; and a relocation to Chino Chino (chē`nō), city (1990 pop. 59,682), San Bernardino co., S Calif.; founded 1887, inc. 1910. It is the business and processing center of a diversified farming (notably dairying) area. Hills, Calif. The Company also operates 14 warehouses in Mexico with a joint venture partner, and has a license agreement for the operation of two membership warehouses in Korea. Preliminary prospectuses can be obtained from Richard J. Olin, Costco Companies, Inc., 999 Lake Drive, Issaquah, WA 98027. -0- A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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. CONTACT: Costco Companies, Inc. Richard Galanti Richard A. Galanti (born 1956 or 1957) is currently the chief financial officer and executive vice president of Costco Wholesale Corporation. He has held these positions since 1993 and he has been with Costco since 1984. , 425/313-8203 Bob Nelson, 425/313-8255 |
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