LONG BEACH, Calif., March 4, 2014 (GLOBE NEWSWIRE) -- Earlier today, UTi Worldwide Inc. (Nasdaq:UTIW) announced the closing of both of its previously announced private offerings. These offerings consist of $400 million aggregate principal amount of 4.50% Convertible Senior Notes due 2019 (the "Notes") and $175 million of 7.00% Convertible Preference Shares. The closing of these two offerings represents a significant step in completing the company's recapitalization plan.
UTi Worldwide CEO Comments On Refinancing
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