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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?

To: dreydoc who wrote (6215)	3/17/1999 8:55:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 9068

Citrix Systems, Inc. Announces That It Has Agreed to Sell Its Zero Coupon Convertible Subordinated Debentures FORT LAUDERDALE, Fla., March 17 /PRNewswire/ -- Citrix Systems, Inc. (Nasdaq: CTXS - news) today announced that it has agreed to sell its zero coupon convertible subordinated debentures in a private placement. The zero coupon convertible subordinated debentures were priced with a yield to maturity of 5.25 percent and will result in gross proceeds to the Company of approximately $300 million to $400 million. The company stated that it intends to use the net proceeds of the placement for working capital and other general corporate purposes. This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities. Any offers of the securities will be made only by means of a private placement memorandum. The securities to be offered will not be registered under the Securities Act of 1933 or applicable state securities laws, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or available exemption from such registration requirements. SOURCE: Citrix Systems, Inc.