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Financings in Brief: ESC Medical Systems

This article was originally published in The Gray Sheet

Executive Summary

ESC Medical Systems: Commences offering of $100 mil. in convertible subordinated notes due 2002. "The notes will have a coupon rate of 6% and be convertible into the company's ordinary shares at a conversion price equal to $46.55 per share," the Yokneam, Israel-based dermatologic laser firm states. ESC plans to use net proceeds for working capital and "general corporate purposes, which may include acquisitions," the firm states...
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