MINISCRIBE <MINY> FILES TO OFFER CONVERTIBLES
MiniScribe Corp said it filed with the
Securities and Exchange Commission a registration statement
covering a 65 mln dlr issue of convertible subordinated
debentures due 2012.
    Initially, a portion of the proceeds will be used to reduce
funds drawn from MiniScribe's revolving bank credit facility.
Proceeds will also be used for working capital purposes,
primarily to finance inventories and accounts receivable, and
to acquire capital equipment and expand manufacturing capacity,
MiniScribe said. It named Morgan Stanley and Hambrechit and
Quist as managing underwriters.
 Reuter
