CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE) (the “Company”) announced today that it is commencing an underwritten public offering of $150 million aggregate principal amount of convertible senior notes due 2013 (the “Convertible Notes”) under its shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The Company will also grant the underwriters an option to purchase up to an additional $22.5 million aggregate principal amount of Convertible Notes, within 30 days of the initial issuance of the Convertible Notes, to cover over-allotments. The Convertible Notes will be senior unsecured obligations of the Company, convertible for a combination of cash and the Company’s common shares.
