MEMC Electronic announces $500 million eight-year notes offering

By Paul A. Harris

Portland, Ore., Feb. 23 - MEMC Electronic Materials, Inc. announced in a Wednesday news release that it plans to sell $500 million of eight-year senior notes via Rule 144A and Regulation S.

The St. Peters, Mo.-based company plans to use the proceeds for general corporate purposes. These would include working capital, capital expenditures and the construction of solar power projects, as well as acquisitions, investments, strategic transactions and joint ventures.

No syndicate or timing information was contained in the release, and the company did not return a telephone call from Prospect News.

MEMC manufactures wafers for semiconductor and solar applications.

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