DOMCO INDUSTRIES LTD. - PRICING SET FOR CONVERTIBLE DEBENTURE ISSUE.MONTREAL--(BUSINESS WIRE)--March 31, 1995--DOMCO INDUSTRIES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability .(ME: DOC ) The Board of Directors of Domco Industries Ltd. is pleased to announce that the Company has entered into an agreement with a syndicate of underwriters led by Wood Gundy Inc. under which the syndicate has agreed to buy and sell $40 million in convertible debentures. Domco's majority shareholder, Sommer Sommer is a surname, from the German and Danish word for the season "summer". It may refer to:
An option that allows the underwriting of an IPO to sell additional shares to the public if the demand is high. Notes: The name comes from the fact that the Green Shoe Company was the first to issue this type of option. for the underwriters, if exercised, could raise an additional $4 million. The debentures will bear a coupon rate Coupon rate In bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. of 8.5 percent per annum Per annum Yearly. and be convertible into common shares of Domco at a conversion price of $22.00 per share at any time prior to April 15, 2005. The debentures are not redeemable until after April 15, 1998. The net proceeds of the offering will be used to refinance a portion of the debt incurred as a result of the Nafco acquisition completed May 6, 1994. PROFILE Domco Industries Ltd, headquartered in Farnham, Canada, is North America's oldest manufacturer of resilient flooring. Through its three product groups - Domco Residential Flooring, Azrock Commercial Flooring and Nafco Luxury Vinyl Tile - Domco Industries Ltd offers one of the most extensive, high quality product lines in the flooring industry. Sommer Allibert S.A., Domco's majority shareholder, is an international industrial company based in France, specialized in the processing of synthetic resins to create a wide range of products such as automotive parts, floor and wall coverings, and home furnishings. Sommer Allibert has annual sales of approximately FF10 billion (CAN $2.7 billion) and some 13,500 employees. CONTACT: Robert Van Buren President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. (514) 293-3173 or Robert O. Desautels Vice-President, Finance and Administration (514) 293-3173 |
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