REDWOOD CITY, Calif., Feb. 14, 2011 (GLOBE NEWSWIRE) -- Informatica Corporation (Nasdaq:INFA), the world's number one independent leader in data integration software, today announced that it has called for redemption on March 18, 2011, all of the Company's 3% Convertible Senior Notes due 2026 (the "Notes"). As of the date of this press release, there is outstanding approximately $201 million aggregate principal amount of Notes.
Prior to 5:00 p.m., New York City time, on or prior to the close of business on March 17, 2011, holders may convert their Notes into shares of the Company's Common Stock at a price of approximately $20.00 per share, or 50.00 shares of the Company's Common Stock per $1,000 principal amount of Notes. Cash will be paid in lieu of fractional shares. On February 11, 2011, the last reported sale price of the Company's Common Stock on The NASDAQ Global Select Market was $49.41 per share.
Alternatively, holders may have their Notes redeemed at a total redemption price of $1,000.25 per $1,000 principal amount of Notes, consisting of $1,000 principal amount plus accrued interest of $0.25. Any Notes not converted on or before 5:00 p.m. New York City time on March 17, 2011, will be automatically redeemed on March 18, 2011, after which interest will cease to accrue. So long as the market price of the Common Stock is at least $20.005 per share, a holder of Notes who converts will receive Common Stock with a market value, plus cash in lieu of any fractional share, greater than the amount of cash the holder would be entitled to receive upon redemption.
A Notice of Redemption is being sent to all registered holders of the Notes. Copies of the Notice of Redemption may be obtained from the conversion and redemption agent, U.S. Bank National Association by calling 1-800-934-6802 or from Informatica by calling Investor Relations at 1-650-385-5289.
Informatica Corporation (Nasdaq:INFA) is the world's number one independent provider of data integration software. Organizations around the world gain a competitive advantage in today's global information economy with timely, relevant and trustworthy data for their top business imperatives. More than 4,280 enterprises worldwide rely on Informatica to access, integrate and trust their information assets held in the traditional enterprise, off premise and in the Cloud. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit .
Note: Informatica is a registered trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
CONTACT: Deborah Wiltshire Public Relations 1-650-385-5360 email@example.com Stephanie Wakefield Investor Relations 1-650-385-5261 firstname.lastname@example.org