ANITEC IMAGE <ANTC> SELLS CONVERTIBLE DEBENTURES
Anitec Image Technology Corp is
raising 75 mln dlrs via an issue of convertible subordinated
debentures due 2012 with a 5-7/8 pct coupon and par pricing,
said lead manager Smith Barney, Harris Upham and Co Inc.
    The debentures are convertible into the company's common
stock at 32 dlrs a share, representing a 26.73 pct premium over
the stock price when terms on the debt were set.
    Non-callable for two years, the debentures are rated B-2 by
Moody's and B by Standard and Poor's. Donaldson Lufkin, Salomon
Brothers and Mabon Nugent co-managed the issue, which was
increased from an initial offering of 60 mln dlrs.
 Reuter
