Komag Closes Convertible Note Offering
29 3월 2007 - 6:00AM
PR Newswire (US)
SAN JOSE, Calif., March 28 /PRNewswire-FirstCall/ -- Komag,
Incorporated (NASDAQ:KOMG) today announced the completion of its
offering of $250 million aggregate principal amount of its 2.125%
Convertible Subordinated Notes due 2014 (the "Notes"), including
exercise of the initial purchasers' over- allotment option for $30
million aggregate principal amount of the Notes. The Notes were
sold to qualified institutional buyers pursuant to Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act").
(Logo: http://www.newscom.com/cgi-bin/prnh/19990816/KOMGLOGO )
Komag used the net proceeds from the offering to pay the
approximately $125 million purchase price for 3,815,000 shares of
its outstanding common stock it agreed to purchase in connection
with the offering. Komag intends to use the remaining proceeds of
this offering for general corporate purposes, which may include
additional stock repurchases under the total $200 million stock
repurchase authorization, and to pay the redemption price of its
2.0% Convertible Subordinated Notes due 2024 to the extent not
converted. This press release does not constitute an offer to sell
or the solicitation of an offer to buy any of these securities and
shall not constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is unlawful.
The Notes and the shares of common stock issuable upon conversion
of the Notes have not been registered under the Securities Act or
any state securities laws and, unless so registered, may not be
offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act
and applicable state securities laws.
http://www.newscom.com/cgi-bin/prnh/19990816/KOMGLOGO
http://photoarchive.ap.org/ DATASOURCE: Komag, Incorporated
CONTACT: Kathy Bayless, Chief Financial Officer of Komag,
Incorporated, +1-408-576-2000, or Web site: http://www.komag.com/
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