Haights Cross completes $73.74 million senior discount note offering.Haights Cross Communications Inc. recently completed an offering of its senior discount notes due 2011, with a value at maturity of $135 million and yielding gross proceeds of $73.7 million (the "Discount Notes"). On January 27, 2004, the Discount Notes were priced at 12.5 percent. HCC HCC Hepatocellular Carcinoma (liver cancer) HCC Hertfordshire County Council (administrative region of south eastern England UK) HCC Harford Community College (Maryland) intends to use the proceeds of the financing to repurchase outstanding shares of its Series B senior preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , Series A preferred stock warrants and common stock warrants; to fund future acquisitions; and for general corporate purposes. The Discount Notes were offered only to qualified institutional buyers, as defined in 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. under the amended Securities Act of 1933, and certain investors outside of 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. under Regulation S under the Securities Act. 10 New King St., White Plains, NY 10604, 914-289-9400, fax 914-289-9401, www.haightscross.com |
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