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Technology Stocks : Citrix Systems (CTXS)

CTXS 103.90

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Nov 2 5:00 PM EST

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To: OJS who wrote (6185)	3/10/1999 5:11:00 PM
From: rtalley55	Read Replies (1) of 9068

Citrix to raise $300 mln via notes offer March 10, 1999 04:36 PM FORT LAUDERDALE, March 10 (Reuters) - Software maker Citrix Systems Inc. CTXS said Wednesday it intends to raise about $300 million through an offering of convertible subordinated notes to qualified institutional investors. The company stated that it intends to use the net proceeds of the offering, which is subject to market and other conditions, for working capital and other general corporate purposes. The company said it could raise $400 million if the option granted to the initial purchaser is exercised in full. ((Laney Salisbury New York Newsroom 212-859-1700)) REUTERS

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