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EXHIBIT 99.1
TEXT OF PRESS RELEASE DATED SEPTEMBER 6, 2000
FOR IMMEDIATE RELEASE
Financial Contact: Rick Ackel,
408-964-3613
Media Contact: Hannah Bruce,
408-964-3614
SANMINA CORPORATION ANNOUNCES OFFERING
OF CONVERTIBLE SUBORDINATED NOTES
SAN JOSE, Calif., Sept. 6 /PRNewswire/ -- Sanmina Corporation (Nasdaq: SANM -
news) today announced that it intends, subject to market and other conditions,
to raise approximately $750 million (excluding proceeds of the over-allotment
option, if any) through an offering of zero coupon convertible subordinated
notes to qualified institutional investors. No other details were provided.
The company stated that it expects to use the net proceeds of the offering for
general corporate purposes including working capital.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy the securities. Any offers of the securities will be made by
means of a private offering memorandum. The securities to be offered will not be
registered under the Securities Act of 1933, as amended, or applicable state
securities laws, and may not be offered or sold in the United States absent
registration under the Securities Act and applicable state securities laws or
available exemptions from such registration requirements.
