IPPs and Merchant Energy Co.s Message Board

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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: Larry S. who started this subject	8/25/2003 9:25:47 AM
From: tom pope	Read Replies (2) of 3358

Watching this one will be interesting today and going forward when the terms are disclosed. $50MM (if that is to be the amount) will have a significant effect on cash per share. Which may be just what AMSC needs. (Don't own any) EDIT - sorry- forgot the attachment WESTBOROUGH, Mass. (Dow Jones)--American Superconductor Corp. is planning a common stock offering to the public. In a press release Monday, the company said it expects to file the registration statement with the Securities and Exchange Commission (News - Websites) within the next two weeks. The planned offering replaces the company's previously announced secured debt financing plan to raise $50 million in the form of a term loan, convertible subordinated notes and a working capital credit facility, which the company decided not to pursue. A company representative wasn't immediately available to say whether the amount of the offering would match its debt financing plan. American Superconductor develops products to improve the cost, efficiency and reliability of systems that generate, deliver and use electric power. The company's shares closed Friday at $11.60, up 15 cents, or 1.3%, in Nasdaq trading.

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