ASM says greenshoe exercised, raising convertibles to $90 million

New York, May 6 - ASM International NV said underwriters of its recent offering of 5.25% convertible subordinated notes due 2010 exercised the $15 million over-allotment option in full, raising the size of the deal to $90 million.

The Bilthoven, Netherlands semiconductor firm originally sold $75 million of the convertibles after the close on April 28 to yield 5.25% with a 40% initial conversion premium.

Morgan Stanley was bookrunner of the Rule 144A offering.

Proceeds will be used to repay short-term debt and for general corporate purposes.

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