Mentor Graphics Corporation Announces Intention to Offer Convertible Subordinated Notes
WILSONVILLE, Ore.--(BUSINESS WIRE)--May 28, 2002--Mentor Graphics
Corporation (Nasdaq:MENT - News) today announced its intention to commence
an offering of $150,000,000 in principal amount of Convertible
Subordinated Notes to be issued pursuant to Rule 144A.
The company expects that initial purchasers would have the option
to purchase an additional $22,500,000 of Convertible Subordinated
Notes for a period of 30 days from the execution of the purchase
agreement. The company would use the proceeds generated from the
offering to fund its pending acquisition of Innoveda, Inc.
(Nasdaq:INOV - News) pursuant to a tender offer for all shares of Innoveda
which expires at midnight New York City time on May 28, 2002.
Any Notes and common stock issuable upon conversion of the Notes
have not been registered under the Securities Act of 1933, as amended,
or any state securities laws and may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements.
This release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that
forward-looking statements in this release involve risks and
uncertainty that could cause actual results to differ materially from
current expectations.
Contact:
Mentor Graphics
Ryerson Schwark, 503/685-1462
ry_schwark@mentor.com
