NU Online News Service, Nov. 18, 10:43 a.m. – PacifiCare Health Systems Inc., Cypress, Calif., a managed care company, says it will be trying to raise $100 million by selling convertible subordinated debentures to institutional investors through a private placement.
A debenture is an unsecured debt security. The terms of the new PacifiCare debenture sale will give the purchasers of the first $100 million in debentures an option to buy another $25 million in debentures, PacifiCare says.
