GenCorp says greenshoe exercised, raising convertibles to $150 million

New York, April 17 - GenCorp Inc. said the underwriters of its recent offering of 5¾% convertible subordinated notes due 2007 exercised the $25 million greenshoe, raising the deal to a total size of $150 million.

The Sacramento, Calif. company originally sold $125 million of the convertibles after the market closed on April 1 in a Rule 144A offering. That was an increase from the announced amount of $100 million.

The convertibles priced via Deutsche Bank Securities, Inc. to yield 5.75% and with an initial conversion premium of 27%.

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