Sanmina-SCI starts tender for 0% convertibles

New York, Feb. 17 - Sanmina-SCI Corp. said it has begun its previously announced cash tender offer for $735.632 million principal amount at maturity of zero-coupon convertible subordinated debentures due 2020, 64.3% of the $1.144 billion principal amount at maturity outstanding.

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

The tender runs through midnight ET on March 18.

Conditions to the tender include closing of the company's sale of $400 million of senior subordinated notes due 2013.

Banc of America Securities LLC is dealer manager (call collect 212 933-2200 or 888 583-8900 ext. 2200). Georgeson Shareholder Communications Inc. is information agent (banks and brokers call 212 440-9800, others call 800 456-6112), and Wells Fargo Bank, NA is depositary.

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