08.222.2005 - Maxtor Corporation Announces Pricing of $300 Million of 2.375% Convertible Senior Notes Due 2012

MILPITAS, CA, August 10, 2005 - Maxtor Corporation (NYSE: MXO) announced today the pricing of its offering of $300 million of 2.375% Convertible Senior Notes due 2012 sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. Offers to initial purchasers outside the United States will be made pursuant to Regulation S under the Securities Act of 1933. The Company has also granted the initial purchasers of the notes an option to purchase up to an additional $45 million aggregate principal amount of the notes to cover over-allotments. The sale of the notes is expected to close on August 15, 2005. - View Press Release - Visit Maxtor Corporation