Sierra Wireless Announces Bought Deal Common Share Offering to Raise US$ 78.4 Million
September 19, 2007 - Vancouver, British Columbia – Sierra Wireless, Inc. (NASDAQ: SWIR, TSX: SW)
announced today that it has entered into a binding bought deal agreement with a syndicate of underwriters led by
CIBC World Markets Inc. and including Piper Jaffray & Co. and RBC Capital Markets to raise gross proceeds
of US$78.4 million from the sale of 3,500,000 common shares in the United States and Canada at a price of
US$22.40 per share (the “Offering”).
Sierra Wireless has granted the underwriters an option to purchase up to an additional 525,000 common shares
at the offering price during the period ending 30 days from the closing of the Offering to cover over-allotments, if
any. If the over-allotment option is exercised in full, gross proceeds of the Offering will be approximately
The Offering is expected to close on or about October 2, 2007, subject to customary closing conditions.
The net proceeds from the Offering will be used for general corporate purposes, working capital and potential
A registration statement relating to these securities has been filed with the United States Securities and Exchange
Commission but has not yet become effective. These securities may not be sold nor may offers be accepted
prior to the time the registration statement becomes effective. A preliminary prospectus relating to these
securities will be filed with each of the provincial securities regulatory authorities in Canada.
Once filed, a copy of the preliminary prospectus may be obtained from Lovena.Doodahnand@cibc.ca or by
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of these securities in any state or province in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or provi