Voice-, video- and data-delivery systems provider Arris announced that, subject to market conditions, it will offer $225 million in convertible senior notes due 2026 through a public offering.
Net proceeds from the offering will be used for general corporate purposes, including the funding of future acquisitions, the company said.
The offering is being made pursuant to the company's effective shelf registration statement filed with the Securities and Exchange Commission Monday by means of a separate prospectus supplement.
Arris will grant underwriters a 30-day option, solely to cover overallotments, to purchase up to an additional $33.75 million of the notes. The interest rate and other terms of the notes would be determined by negotiations between Arris and the underwriters.
UBS Investment Bank and Deutsche Bank Securities will act as joint book-running managers for the offering of the notes.