AUDIOCODES NOTIFIES HOLDERS OF 2.00% SENIOR CONVERTIBLE NOTES DUE 2024 OF PUT OPTION
Lod, Israel – October 8, 2009 – AudioCodes (NasdaqGS: 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.