Open Solutions Raises Funds With DebtOffering

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GLASTONBURY, Ct. - (02/23/05) -- Open Solutions Inc. said it raises$139.2 million this week with a subordinated debt offering. Thesubordinated convertible notes due 2035 are convertible into OpenSolutions common stock, under certain circumstances. Proceeds fromthe offering will be sued for general corporate purposes, includingthe financing of potential acquisitions.

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