Nuance Announces Proposed $500 Million Offering of Senior Notes
December 08 2016 - 8:07AM
Business Wire
Proceeds to be Used to Redeem a Portion of
Existing 5.375% Senior Notes due 2020
Nuance Communications, Inc. (NASDAQ:NUAN) today announced that
it intends to offer, subject to market and other considerations,
$500 million aggregate principal amount of senior notes due 2026
(the “Notes”) through an offering to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended
(the “Securities Act”), and outside the United States to non-U.S.
persons pursuant to Regulation S under the Securities Act. The
Notes will be fully and unconditionally guaranteed on a senior,
unsecured basis by Nuance’s domestic subsidiaries that guarantee
its senior credit facility.
The interest rate, redemption provisions and other terms of the
Notes will be determined by negotiations between Nuance and the
initial purchaser.
Nuance intends to use the net proceeds, together with cash on
hand, to redeem approximately $600 million in aggregate principal
amount of its 5.375% senior notes due 2020.
This announcement is neither an offer to sell nor a solicitation
to buy any of the foregoing securities, nor shall there be any sale
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
The Notes will not be registered under the Securities Act, or
any state securities laws, and may not be offered or sold in the
United States except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state securities
laws.
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Nuance Communications, Inc.For Investors and
Media:Richard Mack, 781-565-5000richard.mack@nuance.com
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