Through Schwab Account at Quote.com research .......
BEA Prices $450 Million Private Offering of 4 Percent Convertible Subordinated Notes
PR Newswire, Wednesday, December 15, 1999 at 14:20
SAN JOSE, Calif., Dec. 15 /PRNewswire/ -- BEA Systems, Inc. (NASDAQ:BEAS) announced
today that it has sold $450 million of its 4 percent Convertible Subordinated Notes due 2006 in an
offering to qualified institutional investors. The offering is expected to close on December 20, 1999.
The Company has granted the initial purchasers a 30-day option to purchase an additional
$100 million of notes to cover over-allotments, if any. The notes will be convertible into common stock
of the Company at a conversion price of approximately $138.60 per share.
The net proceeds of the offering will be added to working capital and used for general corporate
purposes. The Company may also use a portion of the net proceeds to fund acquisitions of
complementary businesses, products, or technologies.
This announcement is neither an offer to sell nor a solicitation to buy any of these securities.
The securities will not be registered under the Securities Act of 1933, as amended (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, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities laws.
For more information on BEA Systems at no cost, please call 800-PRO-INFO (U.S.) or
732-544-2850 (Int'l), ticker symbol BEAS.
NOTE: BEA is a registered trademark of BEA Systems, Inc. All other company names may be
trademarks of the company with which they are associated
SOURCE BEA Systems Inc.
-0- 12/15/1999
/CONTACT: Kevin Faulkner, Senior Director Investor Relations, 408-570-8293, or Steve Brown,
Chief Financial Officer, 408-570-8031, or Angie Trah, Public Relations, 408-570-8354, or
angie.trah@beasys.com, all of BEA Systems, Inc.; or general, Lisa Horn Chainey, investors, Nancy
Hancock, or media, Scott Marx (media), all of Financial Relations Board, 415-986-1591, for BEA
Systems, Inc./
/Web site: beasys.com
Companies or Securities discussed in this article:
Symbol
Name
NASDAQ:BEAS
thanks ........b |
