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Convertible-debt deals are back in vogue as companies take advantage of lower interest rates, and hungry investors line up to buy into new offerings. After falling into disfavor as the economy tanked, technology companies have even managed to raise capital in auction-style transactions, with investment banks literally bidding for the deal. Tracy Edmonson, a Latham & Watkins partner who specializes in debt offerings, said the market is allowing companies to "be more creative" about debt financing.
May 27, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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