Merix to redeem $25 million 6.5% convertible debentures

By Jennifer Chiou

New York, May 11 - Merix Corp. said it will use the proceeds from a notes issue for the redemption of $25 million of its 6.5% convertible debentures due May 2007.

The company will also use income generated from the sale of the $60 million of 4% convertible senior subordinated notes due May 2013 to retire $30 million of bank debt incurred in Asia as part of the acquisition of Merix' Asian operations as well as for other corporate purposes.

The new notes offering has a $10 million greenshoe.

The Forest Grove, Ore., company manufactures printed circuit boards for use in electronic equipment.

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