Compact-ultrasound developer SonoSite has closed its offering of $200 million in convertible senior notes.
The Bothell, WA-based firm said it intends to use the net proceeds from the offering to fund acquisitions "from time-to-time" of one or more complementary businesses or product lines. To the extent the net proceeds are not used for acquisitions, they will be used for general corporate purposes, including debt repayment, capital expenditures, investment in its subsidiaries, or as additions to working capital, SonoSite said.
By AuntMinnie.com staff writers
July 17, 2007
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