Violin Memory Completes Sale of Additional $15 Million of Convertible Senior Notes

Violin Memory, Inc. has issued an additional $15.0 million principal amount of its 4.25% convertible senior notes due 2019 pursuant to the exercise in full of the over-allotment option granted to the initial purchaser of the notes in connection with previously announced private offering of the notes.

Violin received net proceeds from the offering of the notes, including the additional notes issued today, of approximately $115.3 million, after deducting the initial purchaser’s discount and estimated offering expenses payable by Violin.

As previously stated, Violin intends to use the net proceeds from this offering for general corporate purposes, including working capital and to repay all amounts outstanding and owed under its credit agreement with Silicon Valley Bank.