SCI Systems Inc yesterday announced that it intends, subject to market and other conditions, to raise approximately $250,000,000 through the sale of convertible subordinated notes to institutional investors and non-US investors (to be increased 15% if the customary underwriters’ over-allotment option is exercised in full.) The notes will be convertible into SCI Common Stock. The notes will mature in 2006 and will be non-callable for three years. The Company plans to use the proceeds from sale of the notes for acquisition funding and for general corporate purposes, including funding working capital and capital expenditures.
