Hutchinson Says 84% of 3.25% Notes Tendered; Will Issue $40M Notes, Warrants for 3.9M Shares

Hutchinson Technology Incorporated HTCH today announced the final results of its previously announced offer to exchange for new securities or purchase for cash, at the election of each holder and subject to certain limitations, any and all of its outstanding 3.25% Convertible Subordinated Notes due 2026. The 3.25% Tender/Exchange Offer expired at 9:00 a.m., New York City time, on March 28, 2012.