COMPUTER PRODUCTS <CPRD> TO SELL CONVERTIBLES
Computer Products Inc said it signed a
letter of intent for an underwritten public offering of 30 mln
dlrs of convertible subordinated debentures.
    It plans to file by mid-May with the Securities and
Exchange Commission a registration statement covering the
securities, Computer Products said.
    Proceeds will be used primarily to retire bank debt.
    The offering will include an underwriters' over-allotment
option of up to 15 pct of the principal amount, the company
said.
 Reuter
