Open Solutions To RaiseCapital

January 27, 2005, 1:00 a.m. EST 1 Min Read

GLASTONBURY, Ct. - (01/27/05) -- Credit union outsourcer OpenSolutions Inc. said it plans to raise as much as $145 millionthrough an offering of subordinated debt. The company plans to usethe proceeds for general corporate purposes, including potentialacquisitions. OSI said it will float $125 million of seniorsubordinated convertible notes due 2035, and grant purchasers a30-day option to buy as much as $19 million more.

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