Flextronics Announces Expiration of Exchange Offers for its 4.625% Notes due 2020 and 5.000% Notes due 2023
SAN JOSE, Calif., Aug. 29, 2013 /PRNewswire/ -- Flextronics (NASDAQ: FLEX) today announced the expiration of its previously announced exchange offers (each an "Exchange Offer" and collectively the "Exchange Offers") to exchange up to $500 million aggregate principal amount of its outstanding, unregistered 4.625% Notes due 2020 (the "Original 2020 Notes") for an equivalent amount of 4.625% Notes due 2020 which have been registered under the Securities Act of 1933 and up to $500 million aggregate principal amount of its outstanding, unregistered 5.000% Notes due 2023 (the "Original 2023 Notes") for an equivalent amount of registered 5.000% Notes due 2023 which have been registered under the Securities Act of 1933.
The Exchange Offers expired at 11:59 p.m., New York City time, on August 28, 2013. Flextronics has been advised that $500 million in aggregate principal amount of the Original 2020 Notes, representing 100% of the aggregate principal amount outstanding of the Original 2020 Notes, and $500 million in aggregate principal amount of the Original 2023 Notes, representing 100% of the aggregate principal amount outstanding of the Original 2023 Notes, were validly tendered and not validly withdrawn prior to the expiration of the Exchange Offers. Flextronics expects that settlement of the Exchange Offers will occur on or about August 29, 2013.
This press release is for informational purposes only and shall not constitute an offer to exchange, nor a solicitation of an offer to exchange, any securities. The Exchange Offers were made only pursuant to the prospectus dated July 30, 2013 and the accompanying letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.
Flextronics International Ltd. (Company Registration No. 199002645H) is a leading end-to-end supply chain solutions company that delivers design, engineering, manufacturing and logistics services to a range of industries and end-markets, including data networking, telecom, enterprise computing and storage, industrial, capital equipment, appliances, automation, medical, automotive, aerospace and defense, energy, mobile, computing and other electronic product categories. Flextronics is an industry leader with $24 billion in sales, generated from helping its customers design, build, ship, and service their products through an unparalleled network of facilities in more than 30 countries and across four continents. Flextronics' service offerings and vertically integrated component technologies optimize customer supply chains by lowering costs, increasing flexibility, and reducing time-to-market. For more information, visit www.flextronics.com or follow us on Twitter @flextronics.