Sanmina-SCI plans tender for 0% convertibles

New York, Feb. 15 - Sanmina-SCI Corp. said it plans to start a tender on Thursday for its $300 million accreted value of zero-coupon convertible subordinated debentures due 2020.

The San Jose, Calif., contract electronics manufacturer will offer $543.75 per $1,000 principal amount at maturity.

Expiry will be 20 business days after the tender starts.

The tender will be subject to various conditions, including closing of an offering of $300 million of senior subordinated notes due 2013. There will be no minimum.

Banc of America Securities LLC will be dealer manager for the tender offer (call collect 212 933-2200 or 888 583-8900 x2200). Georgeson Shareholder Communications Inc. will be the information agent (banks and brokerages call 212 440-9800, others call 800 456-6112) and Wells Fargo Bank NA will be the depositary.

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