BILTHOVEN, The Netherlands, Nov. 15, 2001 (PRIMEZONE) -- ASM International (Nasdaq:ASMI) (Euronext Amsterdam:ASM) announced today the private placement of $100 million of 5.0% convertible subordinated notes due 2005. The notes are convertible into ASM International common shares at the conversion ratio of 53.0504 shares per each $1,000 of notes, representing a conversion price of 120% of the closing sale price of the common shares on The Nasdaq National Market on November 14, 2001.
The amount raised is double the originally intended amount due to strong demand by institutional investors. ASM also granted the initial purchasers the right to purchase up to $15 million in additional principal amount of notes to cover over-allotments in connection with this offering.
The net proceeds from the sale of the notes are being used to fund the remainder of ASM International's approximately 15% equity investment in NuTool, Inc., to repay outstanding short-term indebtedness, and for general corporate purposes.
The notes were issued in a private placement for resale by the initial purchaser to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933. The notes have not been registered under the Securities Act or applicable state securities laws, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from the registration requirements.
ASM International N.V. is headquartered in Bilthoven, the Netherlands. ASM International is a global company, serving one of the most important and demanding industries in the world. The Company possesses a strong technological base, state-of-the-art manufacturing facilities, a competent and qualified workforce and a highly trained, strategically distributed support network. ASM International's subsidiaries design and manufacture equipment and materials used to produce semiconductor devices. ASM International and its subsidiaries provide production solutions for wafer processing, assembly and packaging through their facilities in the United States, Europe, Japan and Asia. ASM International's common shares trade on Nasdaq (symbol ASMI) and the Euronext Stock Exchange in Amsterdam (symbol ASM). For more information, visit ASM's Web site at http://www.asm.com.
Safe Harbor Statement under the US Private Securities Litigation Reform Act of 1995: All matters discussed in this statement, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to economic conditions in the semiconductor industry, currency fluctuations, the timing of significant orders, market acceptance of new products, competitive factors, risk factors related to litigation and other risks indicated in filings from time to time with the SEC and Stock Exchange Authorities.