JDS Uniphase Corporation Announces Offering of Senior Convertible Notes
28 October 2003 - 8:31AM
PR Newswire (US)
JDS Uniphase Corporation Announces Offering of Senior Convertible
Notes SAN JOSE, Calif., Oct. 27 /PRNewswire-FirstCall/ -- JDS
Uniphase Corporation (Nasdaq: JDSU; TSX: JDU) today announced its
intention to sell, subject to market and other conditions, $400
million of Zero Coupon Senior Convertible Notes due 2010 in a
private, unregistered offering. The Company expects to grant the
initial purchasers an over-allotment option to purchase up to an
additional $75 million principal amount of the notes. The notes
will be convertible into the Company's common stock subject to
satisfaction of certain conditions. The Company intends to use the
net proceeds of the offering for general corporate purposes,
including internal research and development programs, general
working capital and possible future acquisitions and strategic
investments. This announcement does not constitute an offer to
sell, nor is it a solicitation of an offer to buy, securities. Any
offers of the securities will be made only by means of a private
offering circular. The notes, and the shares of common stock
issuable upon conversion of the notes, have not been registered
under the Securities Act of 1933, as amended, or the securities
laws of any other jurisdiction, and may not be offered or sold in
the United States without registration under, or an applicable
exemption from, the registration requirements of the Securities
Act. DATASOURCE: JDS Uniphase Corporation CONTACT: Investors -
Ronald C. Foster, Chief Financial Officer, +1-408-546-5000, or
Media - Gerald Gottheil, Director of Corporate Communications,
+1-408-546-4400, both of JDS Uniphase Web site:
http://www.jdsu.com/
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