ich kenn mich mit Anleihen und Obbligationen nicht so gut aus; und mein englisch ist auch nicht so gut um meine zweifel auszuräumen.
Kann mir das jemand verdeutschen !
Corning Announces Convertible Debenture Offering
CORNING, N.Y.--(BUSINESS WIRE)--Nov. 8, 2001--Corning Incorporated (NYSE:GLW - news) announced
today the completion of a public offering of $600 million aggregate principal amount of convertible
debentures. These debentures will be due in November 2008, and will be issued under the company's existing
$5 billion universal shelf registration statement, declared effective by the U.S. Securities and Exchange
Commission in March 2001. In addition, Corning has granted the underwriters the option to purchase up to
$90 million aggregate principal amount of additional debentures.
The debentures pay an annual coupon rate of 3.50% and are initially convertible into approximately 71 million
shares of Corning common stock at a conversion price of $9.68 per share, representing a conversion premium
of 25% over today's closing stock price of $7.74 per share. Beginning in November 2004, the company has an
option to redeem the debentures. Upon a change in control of the company, the debenture holder may require
the company to repurchase these debentures. The senior unsecured convertible debentures will rank pari passu
with Corning's other senior, unsecured debt obligations.
The net proceeds from this offering will be used for general corporate purposes, including working capital
requirements, normal, ongoing capital spending and the possible funding of future acquisitions.
The sole book running manager was Goldman, Sachs & Co.
Kann mir das jemand verdeutschen !
Corning Announces Convertible Debenture Offering
CORNING, N.Y.--(BUSINESS WIRE)--Nov. 8, 2001--Corning Incorporated (NYSE:GLW - news) announced
today the completion of a public offering of $600 million aggregate principal amount of convertible
debentures. These debentures will be due in November 2008, and will be issued under the company's existing
$5 billion universal shelf registration statement, declared effective by the U.S. Securities and Exchange
Commission in March 2001. In addition, Corning has granted the underwriters the option to purchase up to
$90 million aggregate principal amount of additional debentures.
The debentures pay an annual coupon rate of 3.50% and are initially convertible into approximately 71 million
shares of Corning common stock at a conversion price of $9.68 per share, representing a conversion premium
of 25% over today's closing stock price of $7.74 per share. Beginning in November 2004, the company has an
option to redeem the debentures. Upon a change in control of the company, the debenture holder may require
the company to repurchase these debentures. The senior unsecured convertible debentures will rank pari passu
with Corning's other senior, unsecured debt obligations.
The net proceeds from this offering will be used for general corporate purposes, including working capital
requirements, normal, ongoing capital spending and the possible funding of future acquisitions.
The sole book running manager was Goldman, Sachs & Co.
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