Software maker

Macrovision

(MVSN)

priced $240 million of convertible senior notes that will mature in 2011.

The notes are offered only to qualified institutional buyers and will pay interest semiannually at a rate of 2.625% a year. In certain circumstances, the notes will be convertible into cash up to the principal amount. Any conversion value above the principal amount would be settled with shares of the company's common stock.

The amount priced represents an increase of $40 million from the previously announced transaction size of $200 million, which included an overallotment option of $25 million. There will be no overallotment option in the transaction.

Net proceeds from the offering will be about $232 million.

This story was created through a joint venture between TheStreet.com and IRIS.