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Getronics plans tender for 5.5% convertibles due 2008
By Jennifer Chiou
New York, Dec. 14 - Getronics NV announced it intends to use the proceeds of a €95 million senior unsecured convertible bonds due 2014 issue to fund a tender offer for its 5.5% unsubordinated convertible bonds due 2008.
The proposed issue will have a coupon of 3.875% and a conversion premium of 30%.
Any remaining proceeds will go towards repaying other debt, the company said.
Getronics is an Amsterdam-based provider of vendor independent information and communication technology services.
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