Rambus (RMBS) Grants Underwriters $22.5M in Shares to Cover Over-Allotments
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Rambus Inc. (NASDAQ: RMBS) today announced the closing of its previously announced public offering of $150 million aggregate principal amount of 5% Convertible Senior Notes due 2014. Rambus has also granted the underwriters an option to purchase up to an additional $22.5 million aggregate principal amount of the notes to cover over-allotments, which has not been exercised to date.
Rambus intends to use the net proceeds from the offering for general corporate purposes, which may include financing potential acquisitions and strategic transactions, repayment of Rambus' zero coupon convertible senior notes due 2010, and working capital.
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