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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Yojimbo who wrote (37450)1/28/1999 4:24:00 PM
From: Don Westermeyer  Read Replies (2) | Respond to of 164684
 
Thanks for the convert info. I wonder how fast the $75 million will be used to pump the stock.

Does anyone have any thoughts on the terms?



To: Yojimbo who wrote (37450)1/28/1999 4:50:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 

AMZN CVT TERMS - straight from msdw

$500mm + $75mm green shoe

10 yr maturity

coupon of 4-3/4% - 5-1/4% (cash not pik)

cvt pm of 23-27%

callable in 1st 3 yrs if price is greater than cvt price by 50% for 20/30 trading days prior
to call

if called in 1st 3 yrs, the AMZN must pay no less than $187-$213 less interest paid


I admit to not understanding this. Could someone say this in plain english too?:-)

Glenn



To: Yojimbo who wrote (37450)1/28/1999 4:53:00 PM
From: GST  Respond to of 164684
 
Yo -- <AMZN CVT TERMS> Thanks for the facts. Your take? How generous are these terms?



To: Yojimbo who wrote (37450)1/28/1999 5:53:00 PM
From: IceShark  Read Replies (1) | Respond to of 164684
 
Thanks Yo. I don't get it. The offering has apparently meet with great enthusiasm and according to news reports is now jacking up above 1 billion. The interest rate is very light, and not a bad give away on the exercise premium. What the heck is going on?

Why not just raise 10 or 50 billion? Something is definitely surreal about this.

Regards, Ice