Peregrine Systems Inc – ‘8-K’ for 11/3/00 – EX-99.1

On:  Friday, 11/3/00, at 4:26pm ET   ·   For:  11/3/00   ·   Accession #:  912057-0-47182   ·   File #:  0-22209

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3     10K 
 2: EX-99.1     Miscellaneous Exhibit                                  1      7K 

EX-99.1   —   Miscellaneous Exhibit

EX-99.1
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                                                                    EXHIBIT 99.1

News Release                                                                    
FOR IMMEDIATE RELEASE                                                           
Contact: Matthew C. Gless                                                       
Chief Financial Officer                                                         
Peregrine Systems, Inc.                                                         
Phone: (858) 481-5000                                                           

PEREGRINE SYSTEMS-REGISTERED TRADEMARK- ANNOUNCES $250 MILLION PRIVATE OFFERING 
OF
CONVERTIBLE SUBORDINATED NOTES

SAN DIEGO, NOVEMBER 2, 2000 -- Peregrine Systems, Inc. (NASDAQ: PRGN), today    
announced that it intends to offer, subject to market and other conditions, $250
million of Convertible Subordinated Notes due 2007 (plus an additional amount of
up to $50 million at the option of the purchasers) in a private placement. The  
notes will be convertible into the company's common stock at the option of the  
holder, at the price determined.                                                

Peregrine intends to use the net proceeds of the anticipated offering for       
general corporate purposes, including capital expenditures and research and     
development. Peregrine expects, if the opportunity arises, to use an unspecified
portion of the net proceeds for strategic transactions such as acquisitions,    
joint ventures, joint development projects, strategic investments and other     
transactions.                                                                   

This announcement is neither an offer to sell nor a solicitation of an offer to 
buy any of these securities.                                                    

The notes and the common stock issuable upon conversion of the notes have not   
been registered under the Securities Act of 1933, as amended (the "Securities   
Act") or any state securities laws, and are being offered only to qualified     
institutional buyers in reliance on Rule 144A under the Securities Act and      
outside the United States to non-U.S. persons in compliance with Regulation S of
the Securities Act. Unless so registered, the notes and common stock issued upon
conversion of the notes may not be offered or sold in the United States except  
pursuant to an exemption from the registration requirements of the Securities   
Act and applicable state securities laws.                                       

### 

Peregrine Systems is a registered trademark of Peregrine Systems, Inc.          

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on / For Period End:		11/3/00		8-K
		11/2/00
				List all Filings