The definitive agreements containing details for the 8.50% Convertible Notes repurchase, the private placement financing and the amendments to the company's existing senior secured credit facility agreement and the indenture governing its 8.50% Secured Notes will be filed as exhibits to a Current Report on Form 8-K that will be filed with the Securities and Exchange Commission.

The 10.875% Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any security, nor will there be an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

About Hutchinson Technology

Hutchinson Technology is a global technology leader committed to creating value by developing solutions to critical customer problems. The company's Disk Drive Components Division is a key worldwide supplier of suspension assemblies for disk drives. The company's BioMeasurement Division is focused on bringing new technologies and products to the market that provide information clinicians can use to improve the quality of health care and reduce costs.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements. The company does not undertake to update its forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. These statements are subject to risks, uncertainties and other factors that are described from time to time in the company's reports filed with the Securities and Exchange Commission, many of which are outside of the company's control and which could have a material adverse effect on the company and cause actual results to differ materially from those anticipated in these forward-looking statements. Therefore, the reader should consider these risks and other factors with caution and form a critical and independent conclusion about their likely effect on the company's actual results. All forward-looking statements attributable to the company or persons acting on the company's behalf are expressly qualified in their entirety by the cautionary statements set forth herein.
CONTACT: INVESTOR CONTACT:         Chuck Ives         Hutchinson Technology Inc.         320-587-1605                  MEDIA CONTACT:         Connie Pautz         Hutchinson Technology Inc.         320-587-1823

Hutchinson Technology Incorporated Logo

If you liked this article you might like

These 5 Stocks Under $10 Could Make You a Lot of Money

Hutchinson Technology (HTCH) Stock Soars on Sale to TDK

Hutchinson Technology (HTCH) Weak On High Volume

5 Stocks Ready for Breakouts: Akebia Therapeutics, Hutchinson and More

Insider Trading Alert - HTCH, ACHC And RH Traded By Insiders