AudioCodes Notifies Holders of 2.00% Senior Convertible Notes Due 2024 of Put Option
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LOD, Israel, Oct. 8, 2009 (GLOBE NEWSWIRE) -- AudioCodes (Nasdaq:AUDC), a
leading provider of Voice over IP (VoIP) technologies and Voice Network
products, is notifying holders of its 2.00% Senior Convertible Notes due 2024
(CUSIP Nos. 050732AB2 and 050732AA4) (the "Notes") that they have an option,
pursuant to the terms of the Notes, to require AudioCodes to purchase, promptly
after November 9, 2009, all or a portion of such holders' Notes (the "Put
Option") at a cash price equal to 100% of the aggregate principal amount of the
Notes, together with any accrued and unpaid interest up to but not including
November 9, 2009.
The opportunity to exercise the Put Option will commence on October 9, 2009, and
will terminate at 5:00 p.m., New York City time, on November 9, 2009. In order
to exercise the applicable Put Option, a holder must follow the procedures set
forth in the applicable notice delivered to holders. Holders may withdraw any
previously tendered Notes pursuant to the terms of the Put Option at any time
prior to 5:00 p.m., New York City time, on November 9, 2009.
This press release is for informational purposes only and is not an offer to
purchase, or the solicitation of an offer to purchase, the Notes.
About AudioCodes
AudioCodes Ltd. (Nasdaq:AUDC) designs, develops and sells advanced Voice over IP
(VoIP) and converged VoIP and Data networking products and applications to
Service Providers and Enterprises. AudioCodes is a VoIP technology leader
focused on VoIP communications, applications and networking elements, and its
products are deployed globally in Broadband, Mobile, Cable, and Enterprise
networks. The company provides a range of innovative, cost-effective products
including Media Gateways, Multi-Service Business Gateways, Residential Gateways,
IP Phones, Media Servers, Session Border Controllers (SBC), Security Gateways
and Value Added Applications. AudioCodes underlying technology,
VoIPerfectHD(TM), relies primarily on AudioCodes leadership in DSP, voice coding
and voice processing technologies. AudioCodes High Definition (HD) VoIP
technologies and products provide enhanced intelligibility, and a better end
user communication experience in emerging Voice networks. For more information
on AudioCodes, visit http://www.audiocodes.com.
Statements concerning AudioCodes' business outlook or future economic
performance; product introductions and plans and objectives related thereto; and
statements concerning assumptions made or expectations as to any future events,
conditions, performance or other matters, are "forward-looking statements" as
that term is defined under U.S. Federal securities laws. Forward-looking
statements are subject to various risks, uncertainties and other factors that
could cause actual results to differ materially from those stated in such
statements. These risks, uncertainties and factors include, but are not limited
to: the effect of global economic conditions in general and conditions in
AudioCodes' industry and target markets in particular; shifts in supply and
demand; market acceptance of new products and continuing products' demand; the
impact of competitive products and pricing on AudioCodes' and its customers'
products and markets; timely product and technology development/upgrades and the
ability to manage changes in market conditions as needed; possible disruptions
from acquisitions; the integration of acquired companies' products and
operations into AudioCodes' business; and other factors detailed in AudioCodes'
filings with the Securities and Exchange Commission. AudioCodes assumes no
obligation to update the information in this release.
AudioCodes, AC, AudioCoded, Ardito, CTI2, CTI(2), CTI Squared, HD VoIP, InTouch,
IPmedia, Mediant, MediaPack, NetCoder, Netrake, Nuera, Open Solutions Network,
OSN, Stretto, TrunkPack, VoicePacketizer, VoIPerfect, VoIPerfectHD, What's
Inside Matters, Your Gateway To VoIP and 3GX are trademarks or registered
trademarks of AudioCodes Limited. All other products or trademarks are property
of their respective owners.
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CONTACT: AudioCodes
Company Contacts
Nachum Falek, VP Finance & CFO
+972-3-976-4000
nachum@audiocodes.com
Shirley Nakar, Director, Investor Relations
+972-3-976-4000
shirley@audiocodes.com
Grayling
IR Agency Contact
Erik Knettel
+1-646-284-9415
erik.knettel@us.grayling.com
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