Advanced Energy Announces Redemption of 5% Convertible Subordinated Notes
August 26 2005 - 9:14PM
PR Newswire (US)
FORT COLLINS, Colo., Aug. 26 /PRNewswire-FirstCall/ -- Advanced
Energy Industries, Inc. (NASDAQ:AEIS) announced today that it will
redeem all of its outstanding 5% Convertible Subordinated Notes due
September 1, 2006. The redemption date will be September 28, 2005.
The Company sent notice of redemption on its 5 1/4% Convertible
Subordinated Notes due 2006, on August 17, 2005. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO) The notes
shall be redeemed at a price of 101% of the principal amount,
together with accrued and unpaid interest to the redemption date.
On the redemption date, the redemption price and the interest, if
any, will become due and payable upon each of the notes. Interest
shall cease to accrue on the notes from and after the Redemption
Date. The notes may be converted into common stock of the Company
at any time prior to 5:00 p.m. on September 27, 2005, which is the
close of business on the business day immediately preceding the
Redemption Date. The rate at which the notes may be converted into
common stock is 33.5289 shares of common stock for each $1,000
principal amount of the notes, or approximately $29.83 per share. A
notice of redemption containing information required by the terms
of the indenture governing the notes will be mailed to the
shareholders. The address of the paying agent for purposes of
surrendering notes in connection with the redemption is: By Mail:
By Registered or Certified Mail U.S. Bank National Association or
Overnight Courier to: West Side Flats Operations Center U.S. Bank
National Association 60 Livingston Ave. West Side Flats Operations
Center St. Paul, MN 55107 60 Livingston Ave. Attention: Specialized
Finance St. Paul, MN 55107 Attention: Specialized Finance About
Advanced Energy Advanced Energy is a global leader in the
development and support of technologies critical to high-technology
manufacturing processes used in the production of semiconductors,
flat panel displays, data storage products, compact discs, digital
video discs, architectural glass, and other advanced product
applications. Leveraging a diverse product portfolio and technology
leadership, Advanced Energy creates solutions that maximize process
impact, improve productivity and lower the cost of ownership for
its customers. This portfolio includes a comprehensive line of
technology solutions in power, flow, thermal management, and plasma
and ion beam sources for original equipment manufacturers (OEMs)
and end-users around the world. Advanced Energy operates in
regional centers in North America, Asia and Europe and offers
global sales and support through direct offices, representatives
and distributors. Founded in 1981, Advanced Energy is a publicly
held company traded on the Nasdaq National Market under the symbol
AEIS. For more information, please visit our corporate website:
http://www.advanced-energy.com/.
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO
http://photoarchive.ap.org/ DATASOURCE: Advanced Energy Industries,
Inc. CONTACT: Mike El-Hillow, Executive Vice President and Chief
Financial Officer, +1-970-407-6570, , or Cathy Kawakami, Director
of Corporate & Investor Relations, +1-970-407-6732, , both of
Advanced Energy Industries, Inc., Web site:
http://www.advanced-energy.com/
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