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Joy Global Announces Proposed Private Offering of Convertible Senior Subordinated Notes.

Publication: PR Newswire
Publication Date: 31-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MILWAUKEE, May 31 /PRNewswire-FirstCall/ -- Joy Global Inc. (the "Company") , announced that it intends to offer, subject to market conditions and other factors, $260 million aggregate principal amount of Convertible Senior Subordinated Notes due 2025 in a private placement. The Company expects to grant the initial purchasers an option to purchase up to an additional $39 million in notes to cover overallotments, if any.

Joy Global expects to use the net proceeds...

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