Brocade | Brocade Announces Pricing of $500 Million Convertible Senior Notes Offering

SAN JOSE, CA -- (Marketwired) -- 01/09/15 -- Brocade® (NASDAQ: BRCD) announced today the pricing of $500 million principal amount of 1.375% 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"). Brocade has also granted 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, if any. The sale of the Notes is expected to close on January 14, 2015, subject to customary closing conditions.



Brocade | Brocade Announces Pricing of $500 Million Convertible Senior Notes Offering