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FOR IMMEDIATE RELEASE
INVESTOR CONTACTS: Nate Wallace Raj Rajaji
DIRECTOR, INVESTOR RELATIONS CHIEF FINANCIAL OFFICER
Manugistics Group, Inc. Manugistics Group, Inc.
301-984-5059 301-984-5087
PRESS CONTACTS: Didi Blackwood
VICE PRESIDENT, CORPORATE COMMUNICATIONS
Manugistics Group, Inc.
301-255-5330
MANUGISTICS COMPLETES PLACEMENT OF $200
MILLION CONVERTIBLE SUBORDINATED NOTES
ROCKVILLE, MD. -- OCTOBER 20, 2000 -- Manugistics Group, Inc. (Nasdaq: MANU)
announced that it had completed today the private placement of $200 million of
its 5% Convertible Subordinated Notes due 2007. The company has granted the
initial purchasers an option to purchase an additional $50 million of Notes. The
Notes will be convertible into Manugistics common stock at an initial conversion
price of $88.125 per share.
As previously announced, the company expects the net proceeds of this offering
will be used for working capital and general corporate purposes, including
capital expenditures and research and development. The company may also use
portions of the net proceeds to acquire businesses, products, and technologies
that complement or expand its business.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security. The Notes have not been registered under the
Securities Act of 1933 or applicable state securities laws and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
ABOUT MANUGISTICS GROUP, INC.
Headquartered in Rockville, Md., Manugistics Group, Inc. is a leading global
provider of supply chain optimization and eBusiness solutions. With more than
900 clients, Manugistics helps power intelligent decisions for profitable growth
in leading companies such as 3Com, Amazon.com, Coca-Cola Bottling, Cisco,
Commerx, Compaq, DuPont, Mobil, FreightWise, General Electric, Harley-Davidson,
Hormel, Nestle, Texas Instruments, Timberland and Unilever.
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For additional information regarding this announcement, contact the Manugistics
Investor Relations Department at 301-984-5409.
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This announcement contains forward-looking statements that involve risks and
uncertainties that include, among others, anticipated losses, unpredictability
of future revenues, potential fluctuations in quarterly operating results,
competition, risks related to quarterly performance, risks of system
interruption, anticipated client benefits, delivery of software functionality,
management of potential growth, and risks of new business areas, international
expansion, business combinations and strategic alliances. More information about
factors that potentially could affect Manugistics' financial results is included
in Manugistics' filings with the Securities and Exchange Commission, including
its Annual Report on Form 10-K for the year ended February 29, 2000 and our
Quarterly Report on Form 10-Q for the quarter ended August 31, 2000.
Manugistics is a registered trademark, and the Manugistics logo, the phrase
"Leveraged Intelligence," and NetWORKS are trademarks, of Manugistics, Inc. All
other product or company names mentioned are used for identification purposes
only, and may be trademarks of their respective owners. Additional information
about Manugistics can be found at the company's site on the World Wide Web, at
http://www.manugistics.com.
