CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE) (the “Company”) announced today that it has priced a public offering of $150 million aggregate principal amount of its Convertible Senior Notes due 2013 (the “Convertible Notes”). The Convertible Notes will bear interest at a rate of 6.50% per annum. The offering is made pursuant to its shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”) and is expected to close on August 19, 2008, subject to customary closing conditions. The Company granted the underwriters an option to purchase up to an additional $22.5 million aggregate principal amount of the Convertible Notes, within 30 days of the initial issuance of the Convertible Notes, to cover over-allotments.
