ION intends to commence an offering of $175 million aggregate principal amount of its senior notes due 2013. The net proceeds from the sale of the notes will be applied to repay certain indebtedness that the Company incurred in connection with its acquisition of ARAM Systems Ltd. and related companies in September 2008.
The Company's obligations under the notes will be guaranteed by certain of its domestic subsidiaries.
Any offers of the notes will be made only by means of a confidential offering circular. The notes will not be registered under the Securities Act of 1933 or any applicable state securities law, and may not be offered or sold in the United States absent registration under the Securities Act of 1933 and applicable state securities laws or pursuant to available exemptions from such registration requirements.
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