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EXHIBIT 99.01
Flextronics International Announces Proposed Private Senior Subordinated Note
Financing
SINGAPORE, JUNE 7, 2000 - Flextronics International Ltd. (Nasdaq: FLEX) today
announced that it intends to commence a private offering of senior subordinated
notes to qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933 and expects to enter into agreements with investment
banking firms with respect to the sale of such notes.
Flextronics currently anticipates that the aggregate principal amount of the
notes will be approximately $450 million, a portion of which is expected to be
denominated in Euros.
The notes have not been and will not be registered under the Securities Act of
1933 or applicable state or foreign securities laws, and may not be offered or
sold in the United States absent registration under federal and applicable state
securities laws or an available exemption from such registration requirements.
This press release shall not constitute an offer to sell, or the solicitation of
an offer to buy any of the notes.
ABOUT FLEXTRONICS
Flextronics International Ltd. is the leading provider of flexibility and speed
in Electronic Manufacturing Services to Original Equipment Manufacturers in the
fast-growth communications, networking, computer, medical and consumer markets.
With global operations, Flextronics gives its customers an unprecedented degree
of flexibility in their operations through its ability to provide volume
scalability, mass customisation, reduced time to market and enhanced supply
chain and logistical efficiencies. For more information, visit the Flextronics
Web site at www.flextronics.com.
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