Benchmark Electronics, Inc.
Benchmark received proceeds of $99.0 million (after deduction of the underwriting discount) from Credit Suisse First Boston, Chase H&Q and Robertson Stephens. The Company incurred approximately $500,000 in expenses related to the offering, leaving net proceeds of approximately $98.5 million.
The Company intends to use the net proceeds to repay indebtedness under its revolving credit facility.
Benchmark Electronics, Inc. is in the business of manufacturing electronics and provides its services to original equipment manufacturers of telecommunication equipment, computers and related products for business enterprises, video/audio/entertainment products, industrial control equipment, testing and instrumentation products, personal computers and medical devices. Benchmark's global operations include 14 facilities in eight countries. Benchmark's Common Stock trades on the New York Stock Exchange under the symbol BHE.
SOURCE: Benchmark Electronics, Inc.
Contact: Donald E. Nigbor, President, or Cary T. Fu, Executive Vice
President, both of Benchmark, 979-849-6550