EX-99.1 2 f65691ex99-1.txt EX-99.1 1 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.