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Shanda Interactive Entertainment Limited Announces Proposed Private Offering of $130 Million Convertible Senior Notes.

Publication: PR Newswire
Publication Date: 08-SEP-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SHANGHAI, China, Sept. 8 /Xinhua-PRNewswire/ -- Shanda Interactive Entertainment Limited (Nasdaq: SNDA, "Shanda" or the "Company"), a leading interactive entertainment media company in China, today announced its intention to offer, subject to market and other conditions, $130 million aggregate principal amount of convertible senior notes due 2011 (the ''Notes'') through a private offering within the United States to qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933, as amended (the "Securities Act"). The Notes will be initially convertible into, at the Company's election, (i) a combination of cash, and if applicable under the conversion terms, the Company's ordinary shares, which may be in the form of the Company's American depositary shares (''ADSs'') or (ii) cash only. The interest rate, conversion price and other...

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