Grey Global Group Inc. Completes the Private Offering of Contingent Convertible Subordinated Debentures Due 2033
2003年10月29日 - 3:20AM
PRニュース・ワイアー (英語)
Grey Global Group Inc. Completes the Private Offering of Contingent
Convertible Subordinated Debentures Due 2033 NEW YORK, Oct. 28
/PRNewswire-FirstCall/ -- Grey Global Group Inc. today completed
the sale, through a private offering, of $125 million aggregate
principal amount of its contingent convertible subordinated
debentures due 2033 (the "Debentures"). The Company expects to use
the net proceeds from the offering for working capital and other
general corporate purposes, which may include, without limitation,
possible acquisitions. The Company has no specific agreements or
commitments, and is not currently engaged in any negotiations,
regarding any material acquisition. The initial purchasers of the
Debentures have the option to purchase up to $25 million aggregate
principal amount of additional Debentures. This notice does not
constitute an offer to sell or the solicitation of an offer to buy
securities. The offering was made only to qualified institutional
buyers in accordance with Rule 144A under the Securities Act of
1933. The securities 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. This press release contains forward-looking
statements within the meaning of the federal securities laws
relating to expectations, plans or prospects for the Company,
including the anticipated use of proceeds of the offering. These
statements are based upon the current expectations and beliefs of
the Company's management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks
and uncertainties include market conditions and other factors
beyond the Company's control and the risk factors and other
cautionary statements discussed in the Company's filings with the
U.S. Securities and Exchange Commission. DATASOURCE: Grey Global
Group Inc. CONTACT: Steven G. Felsher, +1-212-546-2440, or Jan
Sneed, +1-212-546-2422, both of Grey Global Group Inc. Web site:
http://www.grey.com/
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