latest news releases from the newsroom
Integra LifeSciences Holdings Corp.
Integra LifeSciences Holdings Corporation Announces Pricing of Private Offering of $150,000,000 2.75 Percent Senior Convertible Notes Due 2010 and $150,000,000 2.375 Percent Senior Convertible Notes Due 2012
PLAINSBORO, N.J., June 6, 2007 (PRIME NEWSWIRE) -- Integra LifeSciences Holdings Corporation (Nasdaq:IART) announced today the pricing of $150 million aggregate principal amount of senior convertible notes due 2010 (the "2010 notes") and $150 million aggregate principal amount of senior convertible notes due 2012 (the "2012 notes" and, together with the 2010 notes, the "notes"). The Company intends to grant the initial purchasers options to purchase up to an additional $15 million aggregate principal amount of each series of notes, in each case within 13 days of the initial issuance of the notes. The notes will be senior, unsecured obligations of Integra, and will pay interest semi-annually at the rates of 2.75%, in the case of the 2010 notes, and 2.375% in the case of the 2012 notes. Subject to certain designated events and other conditions, the notes will be convertible into cash and shares of Integra's common stock or, at Integra's irrevocable election, shares of Integra's common stock, at an initial conversion rate of 15.0917 shares per $1,000 principal amount of 2010 notes and 15.3935 shares per $1,000 principal amount of 2012 notes. This represents an initial conversion price of approximately $66.26 per share for the 2010 notes and approximately $64.96 per share for the 2012 notes and represents a 27.5% conversion premium for the 2010 notes and a 25.0% conversion premium for the 2012 notes, in each case based on the closing price of $51.97 per share of the Company's common stock on June 5, 2007. Integra LifeSciences Corporation, a subsidiary of the Company, will guarantee the obligations of the Company under the notes.
Redfern Integrated Optics
Redfern Integrated Optics, Inc. Appoints Dr. Michael Lebby to Its Board of Directors
SANTA CLARA, Calif., June 6, 2007 (PRIME NEWSWIRE) -- Redfern Integrated Optics, Inc. (RIO), the developer and manufacturer of low-cost, high-performance optical transmitters for the telecommunications, data transmission and sensor markets, today announced the appointment of Dr. Michael Lebby, president and CEO of the Optoelectronics Industry Development Association (OIDA), to its Board of Directors.
Emulex Expands Global Operations With Opening of New Central European Location
MUNICH, Germany, June 6, 2007 (PRIME NEWSWIRE) -- Emulex Corporation (NYSE:ELX) today announced the opening of its new Central European office in Munich, Germany. This follows a period of expansion for the company since the announcement of record revenues of over $400 million for fiscal year 2006. Emulex's growth and diversification strategy is driven by global expansion and three market focused product lines -- Host Server Products, Embedded Storage Products and Intelligent Network Products. Emulex delivers products that intelligently connect storage, servers and networks and benefits from synergies created by leveraging its worldwide-wide technology, marketing and sales organizations.