ASM International to repay $115 million 5% convertibles with convertible offering proceeds

By Caroline Salls

Pittsburgh, Dec. 1 - ASM International NV said it will repay its $115 million outstanding 5% convertible subordinated notes due November 2005 using proceeds from its $125 million issue of convertible subordinated notes due 2011.

The company will repay the notes either by purchase in the market or at maturity, according to a company news release.

Proceeds will also be used for general corporate purposes.

ASM is a Bilthoven, Netherlands, semiconductor firm.

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