13 March 2014
ModusLink Global Solutions, Inc. (NASDAQ: MLNK) said it intends to offer USD75m aggregate principal amount of convertible senior notes due 2019.
The notes are to be offered and sold to qualified institutional. The company also expects to grant the initial purchaser of the notes a 30-day option to purchase up to an additional USD11.25m aggregate principal amount.
ModusLink said it intends to use the net proceeds from the offering for general corporate purposes, which may include potential acquisitions and other strategic business opportunities. No material acquisitions are probable at this time.
ModusLink Global Solutions, Inc., through its subsidiaries, provides supply chain business process management services and solutions worldwide. Its website is at http://www.moduslink.com.