Redback Networks, Inc. (RBAK) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Redback Networks, Inc. (RBAK)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bo Le who wrote (1394)	3/16/2000 1:12:00 PM
From: Lucky888	of 1956

RBAK -- RBAK is down on the news: biz.yahoo.com Thursday March 16, 7:33 am Eastern Time Redback to issue $500 mln in convertible debt SUNNYVALE, Calif., March 16 (Reuters) - Internet infrastructure company Redback Networks Inc. (NasdaqNM:RBAK - news) said on Thursday it plans to issue $500 million in convertible subordinated notes. The company said in a statement that the notes would be due 2007 and the issuance would be carried out in a private placement. Redback said the funds would be used for working capital and general corporate purposes, including financing growth, product development and capital expenditures. Redback may also use a portion to fund investments in and acquisitions of businesses, partnerships, products or technologies. Redback shares closed at 336 on Wednesday. L. Anyone know the term of the private placement? like the convertion price?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next