Flextronics gets extension on maturity of $195 million in convertible notes issued in 2003

By Sheri Kasprzak

New York, July 18 - Flextronics International Ltd. said it has received an extension on $195 million in junior subordinated convertible notes first issued in March 2003.

The notes will now mature on July 31, 2009, pushed back from 2008.

Connected to the amended maturity, the notes may no longer be converted or redeemed before maturity.

The notes, first issued March 2, 2003, are held by Silver Lake Partners Cayman, LP; Silver Lake Investors Cayman, LP; and Silver Lake Technology Investors Cayman, LP.

Singapore-based Flextronics produces circuit boards and other parts used in consumer electronics.

On July 17, the stock closed up 11 cents to end at $10.11 (Nasdaq: FLEX).

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