JDA Software Group (JDAS) Prices $275M Senior Note Offering
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JDA Software Group, Inc. (NASDAQ: JDAS) today announced that it has priced its offering of $275 million in aggregate principal amount of 8.00% senior notes due 2014, in an offering to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended. The issue price is 98.988% of the principal amount of the senior notes. The closing of the sale of the senior notes, which is subject to customary conditions, is expected to occur on December 10, 2009.
JDA intends to use the proceeds of the offering, along with its existing cash and cash on hand at i2 Technologies, Inc. (NASDAQ: ITWO), to pay the cash portion of the consideration payable to i2's common and preferred shareholders in connection with the previously announced acquisition of i2 by JDA, as well as the estimated fees and other transactions costs of the acquisition and offering. The notes will be guaranteed by JDA's existing and future domestic subsidiaries, including, following the closing of the acquisition, i2 and its domestic subsidiaries, other than certain immaterial subsidiaries.
The senior notes have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A and in offshore transactions pursuant to Regulation S under the Securities Act of 1933, as amended.
JDA intends to use the proceeds of the offering, along with its existing cash and cash on hand at i2 Technologies, Inc. (NASDAQ: ITWO), to pay the cash portion of the consideration payable to i2's common and preferred shareholders in connection with the previously announced acquisition of i2 by JDA, as well as the estimated fees and other transactions costs of the acquisition and offering. The notes will be guaranteed by JDA's existing and future domestic subsidiaries, including, following the closing of the acquisition, i2 and its domestic subsidiaries, other than certain immaterial subsidiaries.
The senior notes have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A and in offshore transactions pursuant to Regulation S under the Securities Act of 1933, as amended.
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