ASML launches an offering of convertible subordinated notes
Aggregate principal amount of €300 million
Press release - Veldhoven, The Netherlands, May 7, 2003
NOT FOR RELEASE OR DISTRIBUTION IN OR INTO CANADA OR JAPAN
ASML Holding N.V. (ASML) announces that it has launched a €300 million offering of Convertible Subordinated Notes due 2010 to professional investors outside the United States in compliance with Regulation S under the Securities Act. ASML will also grant the underwriters the right to purchase up to €45 million additional principal amount of notes to cover over-allotments in connection with the offering.
ASML intends to use the net proceeds from the offering for general corporate purposes, which may include the pre-funding of its convertible notes that mature in 2004.
In connection with this offering, the lead manager may over-allot or effect transactions on Euronext Amsterdam, Nasdaq or in the over-the-counter market which stabilize or maintain the market price of the Notes or the shares into which the Notes are convertible at a level which might not otherwise prevail on those markets or a limited period. However, there may be no obligation on the lead manager to do this. Such stabilizing, if commenced, may be discontinued at any time and must be brought to an end after a limited period.
The Notes are not and will not be offered anywhere in the world other than to persons who trade or invest in securities in the conduct of their profession or trade (which includes banks, securities intermediaries (including dealers and brokers), insurance companies, pension funds, other institutional investors and commercial enterprises which as an ancillary activity regularly invest in securities).
This document does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein. The notes will not be registered under the US Securities Act of 1933 and may not be sold or offered within the United States except pursuant to an exemption from the registration requirements under that Act.
'Safe Harbor' Statement under the US Private Securities Litigation Reform Act of 1995: the matters discussed in this document include forward-looking statements that are subject to risks and uncertainties including, but not limited to, economic conditions, product demand and industry capacity, competitive products and pricing, manufacturing efficiencies, new product development, ability to enforce patents, availability of raw materials and critical manufacturing equipment, trade environment, and other risks indicated in filings with the US Securities and Exchange Commission.
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