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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 ANNOUNCES PLACEMENT OF
$200 MILLION CONVERTIBLE SUBORDINATED NOTES
ROCKVILLE, MD. - OCTOBER 17, 2000 - Manugistics Group, Inc. (Nasdaq: MANU) today
announced the private placement of $200 million of its 5% Convertible
Subordinated Notes due 2007. The offering is expected to close on October 20,
2000. 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 approximately $88.13 per share.
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.
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 current report on Form 8-K filed on October 10, 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.
