Emulex to Offer $125 Million of Convertible Senior Notes

Emulex Corporation intends to offer, subject to market and other conditions, up to $125 million aggregate principal amount of Convertible Senior Notes due 2018 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.

In addition, the company expects to grant the initial purchaser for the offering an option to purchase up to an additional $18.75 million aggregate principal amount of notes from the company to cover over-allotments.

The company currently intends to use a portion of the net proceeds of the offering for general corporate purposes, including repurchases of shares of its common stock. A portion of the shares repurchased may be purchased from purchasers of the notes in privately negotiated transactions effected through the initial purchaser, as agent, on the date of the pricing of the offering.

Goldman, Sachs & Co. will act as the sole initial purchaser for resale of the offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act.