03.06.04

3.6.2004: Meldung: Wild Oats Markets, Inc.: $100 Million Convertible Debentures Offering Completed

Wild Oats Markets, Inc. Completes $100 Million Convertible Debentures Offering
Tuesday June 1, 7:46 pm ET

BOULDER, Colo., June 1 / Wild Oats Markets, Inc. (Nasdaq: OATS - News) today announced the completion of its offering of $100.0 million in principal amount of 3.25% Convertible Senior Debentures due May 15, 2034 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The debentures will be convertible into the Company"s common stock, at the option of the holders, at an initial rate equivalent to a conversion price of $17.70 per share. The debentures may be redeemed by the Company beginning on May 20, 2011. In addition, the Company has granted the initial purchasers an option to purchase up to an additional $15.0 million principal amount of the debentures.

Wild Oats Markets intends to use proceeds of the offering to accelerate its growth plans and for general corporate purposes, in addition to allocating $25 million of gross proceeds towards the purchase of Company stock, which purchase was executed on May 26, 2004.

Source: Wild Oats Markets, Inc.
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