Flextronics International Ltd. Announces Completion of Tender Offer and Consent Solicitation for its 9-3/4% Senior Subordinated
29 Marzo 2005 - 6:40PM
PR Newswire (US)
Flextronics International Ltd. Announces Completion of Tender Offer
and Consent Solicitation for its 9-3/4% Senior Subordinated Notes
Due 2010 SINGAPORE, March 29 /PRNewswire-FirstCall/ -- Flextronics
International Ltd. (the "Company") announced today the completion
of its offer to purchase for cash any and all of its 9-3/4% Senior
Subordinated Notes due 2010 (the "Notes") and the related
solicitation of consents to eliminate certain of the restrictive
covenants contained in the indenture under which the Notes were
issued (the "Indenture"). The offer by the Company to purchase the
Notes (the "Offer") and the related solicitation of consents (the
"Solicitation") was made upon the terms and subject to the
conditions of the Offer to Purchase and Solicitation of Consents
dated March 1, 2005 (the "Offer to Purchase"). The Offer and
Solicitation expired at 11:59 p.m., New York City time, March 28,
2005, and was accepted by holders of Notes representing euro
144,228,000 total principal amount. Following the completion of the
Offer and Solicitation, a total principal amount of euro 5,772,000
of the Notes remain outstanding. As contemplated in the Offer to
Purchase, the Company will enter into a supplemental indenture
relating to the Notes, which will eliminate certain restrictive
covenants contained in the Indenture. This announcement is not an
offer to purchase, a solicitation of an offer to purchase or a
solicitation of consent with respect to any securities. About
Flextronics Headquartered in Singapore (Singapore Reg. No.
199002645H), Flextronics is the leading Electronics Manufacturing
Services (EMS) provider focused on delivering innovative design and
manufacturing services to technology companies. With fiscal year
2004 revenues of USD$14.5 billion, Flextronics is a major global
operating company that helps customers design, build, ship, and
service electronics products through a network of facilities in 32
countries on five continents. This global presence provides
customers with complete design, engineering, and manufacturing
resources that are vertically integrated with component
capabilities to optimize their operations by lowering their costs
and reducing their time to market. For more information, please
visit http://www.flextronics.com/. DATASOURCE: Flextronics
International Ltd. CONTACT: Thomas J. Smach, Chief Financial
Officer, +1-408-576-7722 or , or Renee Brotherton, Senior Director
of Corporate Marketing, +1-408-576-7189 or , both of Flextronics
International Ltd. Web site: http://www.flextronics.com/
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