Law & Health Weekly
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Kinetic Concepts, Inc.
Kinetic Concepts, Inc. to Offer Convertible Notes
May 3rd, 2008
Kinetic Concepts, Inc. (NYSE: KCI) announced that it is planning to offer $600 million aggregate principal amount of convertible senior notes due 2015, subject to market and other customary conditions. KCI may sell up to an additional $90 million aggregate principal amount of notes upon exercise of an over-allotment option that KCI expects to grant to the initial purchasers in connection with the offering. Upon conversion, holders will receive cash up to the aggregate principal amount of the notes being converted and shares of KCI common stock in respect of the remainder, if any, of KCI's conversion obligation in excess of the aggregate principal amount of the notes...
Source: Law & Health Weekly (2008-05-03)
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