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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 intends to use the proceeds of the financing to repurchase outstanding shares of its Series B senior preferred stock, 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 under the amended Securities Act of 1933, and certain investors outside of the United States under Regulation S under the Securities Act.

10 New King St., White Plains, NY 10604, 914-289-9400, fax 914-289-9401,
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Title Annotation:Financing
Publication:The Newsletter on Newsletters
Date:Feb 15, 2004
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