Excite@Home Down on Notes Issue - TheStreet

Excite@Home Down on Notes Issue

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Excite@Home (ATHM) - Get Report was down 11.5% after the Internet service provider said it sold $100 million of five-year convertible secured notes.

The company said it would use the proceeds of the sale for general corporate purposes.

The notes are convertible into shares at $4.3806, a 10% premium over Friday's closing price of $3.92.