Cal Dive International, Inc. Closes $300 Million Convertible Senior Notes Offering
2005年3月31日 - 9:19AM
PRニュース・ワイアー (英語)
Cal Dive International, Inc. Closes $300 Million Convertible Senior
Notes Offering HOUSTON, March 30 /PRNewswire-FirstCall/ -- Cal Dive
International, Inc. (NASDAQ:CDIS) announced the closing today of
its offering of $300 million aggregate principal amount of its
Convertible Senior Notes due 2025 in a private, unregistered
offering to qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933, as amended (the "Securities
Act"). The notes will bear interest at a rate of 3.25% per year.
During certain periods and subject to certain conditions, the notes
will be convertible by holders into shares of Cal Dive's common
stock at an initial conversion rate of 15.5600 shares of common
stock per $1,000 principal amount of notes which is equivalent to
an initial conversion price of approximately $64.27 per share of
common stock, subject to adjustment. Upon conversion of the notes,
Cal Dive will deliver cash of up to $1,000 per $1,000 aggregate
principal amount of notes and shares in respect of the remainder of
the conversion obligation, if any. Cal Dive intends to use the net
proceeds of the offering for general corporate purposes including:
a contribution to its 50/50 joint venture Deepwater Gateway L.L.C.
relating to early retirement of debt, identifiable capital
expenditures and potential acquisitions. This press release does
not constitute an offer to sell or the solicitation of an offer to
buy any securities. The offering will be made only to qualified
institutional buyers in accordance with Rule 144A under the
Securities Act. The securities to be offered have not been
registered under the Securities Act, or any state securities laws,
and unless so registered may not be offered or sold in the United
States, except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and applicable state securities laws. DATASOURCE: Cal Dive
International, Inc. CONTACT: Wade Pursell, Chief Financial Officer
of Cal Dive International, Inc., +1-281-618-0400, or fax,
+1-281-618-0505
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