Moody's Assigns 'Ba2' CFR to Plantronics (PLT), Outlook Stable

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Plantronics Announces Proposed $500 Million Offering of Senior Notes and Amendment and Restatement of Senior Credit Facility

May 18, 2015 8:04 AM EDT

SANTA CRUZ, CA -- (Marketwired) -- 05/18/15 -- Plantronics, Inc. (NYSE: PLT) today announced that it intends to offer, subject to market and other considerations, $500 million aggregate principal amount of senior notes due 2023 (the "Notes") through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.

In connection with the offering of Notes, Plantronics has entered into an amended and restated senior credit facility to, among other things,... More