View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 9, 1996


By CBR Staff Writer

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.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.