Proposes $500M Note Offering

Law360, New York (January 12, 2010, 6:34 PM EST) -- Software company announced plans Monday to offer $500 million of convertible senior notes due in 2015, saying the proceeds could help fund possible investments in complementary businesses and technologies.

The San Francisco-based company said it also expected to grant the initial purchasers of the notes an option to purchase up to an additional $75 million aggregate principal amount of the notes to cover overallotments.

The notes will be unsecured, unsubordinated obligations of, and interest will be payable semi-annually, according to the company.

In connection...
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