Avid Proposed $115 Million Offering of Convertible
June 9, 2015, 04:48 AM
http://ir.avid.com/releasedetail.cfm?ReleaseID=916...
BURLINGTON, Mass., June 8, 2015 (GLOBE NEWSWIRE) -- Avid (Nasdaq:AVID) today announced its intention to offer, subject to market and other conditions, $115 million aggregate principal amount of its convertible senior notes due 2020 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). Avid also expects to grant the initial purchasers of the notes an option to purchase up to an additional $15.0 millio...
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