The Company intends to use the net proceeds from the offering to repurchase a portion of its 6.00% convertible senior notes due 2018 and its 8.00% convertible senior notes due 2020 through privately negotiated transactions, open market purchases or otherwise. The amount, timing and price at which such repurchase transactions may be effected will be in the sole discretion of the Company. Although the Company intends to use the net proceeds from this offering to repurchase a portion of the 2018 notes and 2020 notes, the Company does not have the right to call any such notes prior to their maturity, and, therefore, the Company may not be successful in repurchasing any such notes. Any remaining net proceeds of the offering will be used for general corporate purposes.
A registration statement relating to the Notes has been declared effective by the
This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements made in this release include, but may not be limited to, this offering and expectations regarding the use of proceeds from this offering. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Investors are cautioned not to rely unduly on any forward-looking statements and urged to carefully consider the risks identified under the captions “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s public filings with the
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