SMART Announces Withdrawal of Proposed Offering of Senior Secured Notes
CALGARY, Alberta, March 26, 2013 (GLOBE NEWSWIRE) -- SMART Technologies Inc.
(the "Company") (Nasdaq:SMT) (TSX:SMA), a leading provider of collaboration
solutions, announced today that it has decided not to proceed with its
previously announced senior secured notes offering at this time. The Company
opportunistically sought to refinance certain of its indebtedness due in
August 2014 with long-term fixed rate capital and was not pursuing the
offering to fund short-term requirements. The Company had approximately $146
million of cash and cash equivalents at December 31, 2012.
This press release is for informational purpose only and shall not constitute
an offer to sell or the solicitation of an offer to buy the notes or any other
securities and shall not constitute an offer, solicitation or sale in any
jurisdiction in which, or to any person to whom, such an offer, solicitation
or sale is unlawful.
About SMART Technologies
SMART Technologies Inc. is a leading provider of technology solutions that
enable inspired collaborationin schools and workplaces around the world by
turning group work into a highly interactive, engaging and productive
experience. SMART delivers integrated solutions of hardware, software and
services designed for superior performance and ease of use, and remains a
world leader in interactivedisplays.
The SMART Technologies logo is available at
© 2013 SMART Technologies. smarttech and the SMART logo are trademarks or
registered trademarks of SMART Technologies in the U.S. and/or other
CONTACT: Investor Relations
SMART Technologies Inc.
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