Brocade | Brocade Announces Plans to Offer $500 Million in Convertible Senior Notes

SAN JOSE, CA -- (Marketwired) -- 01/07/15 -- Brocade® (NASDAQ: BRCD) announced today that it intends to offer, subject to market and other conditions, up to $500 million principal amount of Convertible Senior Notes due 2020 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, Brocade expects to grant the initial purchasers for the offering an option to purchase up to an additional $75 million principal amount of Notes from Brocade solely to cover over-allotments.



Brocade | Brocade Announces Plans to Offer $500 Million in Convertible Senior Notes