LSI Logic Corporation Files Registration Statement for the Sale of Convertible Subordinated Notes and Common Stock
MILPITAS, Calif., July 29 /PRNewswire/ -- LSI Logic Corporation (NYSE: LSI) today announced that it has filed a registration statement for an aggregate principal amount of $287,500,000 of convertible subordinated notes due 2006, including an over-allotment option. The registration statement also includes the offer of 5,750,000 shares of its common stock, including an over-allotment option. The offering of the convertible subordinated notes due 2006 is not contingent upon the sale of the common stock and the offering of the common stock is not contingent upon the sale of the convertible subordinated notes due 2006. The managing underwriters of the convertible subordinated notes offering and common stock offering are Morgan Stanley & Co. Incorporated, BancBoston Robertson Stephens Inc., J.P. Morgan & Co., Inc. and Merrill Lynch & Co.
The company intends to use the net proceeds of the offerings to repay a portion of the bank debt incurred to acquire Symbios, Inc. in August 1998 and for general corporate purposes.
A preliminary prospectus relating to each of these offerings, when available, may be obtained from Morgan Stanley & Co. Incorporated, 1585 Broadway, 14th Floor, New York, New York 10036.
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