Amazon.com, Inc. (Nasdaq:AMZN) announced that on June 9, 2008, it will
redeem $500,000,000 in principal amount of its outstanding 4.75%
Convertible Subordinated Notes due 2009 (“Notes”)
with CUSIP numbers 023135AD8 and 023135AF3.
The Notes will be redeemed at a redemption price of 100.475% of the
principal amount at maturity, plus accrued and unpaid interest from
February 1, 2008 through June 8, 2008. The Notes to be redeemed will be
selected by lot in accordance with the procedures of The Depository
Trust Company, the registered holder of the Notes. After completion of
the redemption of $500,000,000 in principal amount of the Notes, there
will be approximately $399,000,000 aggregate principal amount of Notes
outstanding.
The right to convert the Notes to be redeemed into common stock of
Amazon.com will expire on June 6, 2008. The current conversion price of
the Notes is $78.0275.
Copies of the notice of redemption may be obtained from The Bank of New
York, the trustee and paying agent for the Notes, by calling Bondholder
Relations at 1-800-254-2826.
About Amazon.com
Amazon.com, Inc., (NASDAQ:AMZN), a Fortune 500 company based in Seattle,
opened on the World Wide Web in July 1995 and today offers Earth's
Biggest Selection. Amazon.com, Inc. seeks to be Earth's most
customer-centric company, where customers can find and discover anything
they might want to buy online, and endeavors to offer its customers the
lowest possible prices. Amazon.com and other sellers offer millions of
unique new, refurbished and used items in categories such as books,
movies, music & games, digital downloads, electronics & computers, home
& garden, toys, kids & baby, grocery, apparel, shoes & jewelry, health &
beauty, sports & outdoors, and tools, auto & industrial.
Amazon Web Services provides Amazon's developer customers with access to
in-the-cloud infrastructure services based on Amazon's own back-end
technology platform, which developers can use to enable virtually any
type of business. Examples of the services offered by Amazon Web
Services are Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple
Storage Service (Amazon S3), Amazon SimpleDB, Amazon Simple Queue
Service (Amazon SQS), Amazon Flexible Payments Service (Amazon FPS), and
Amazon Mechanical Turk.
Amazon and its affiliates operate websites, including www.amazon.com,
www.amazon.co.uk, www.amazon.de,
www.amazon.co.jp, www.amazon.fr,
www.amazon.ca, and the Joyo Amazon
websites at www.joyo.cn and www.amazon.cn.
As used herein, "Amazon.com," "we," "our" and similar terms include
Amazon.com, Inc., and its subsidiaries, unless the context indicates
otherwise.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Actual results may differ significantly
from management's expectations. These forward-looking statements involve
risks and uncertainties that include, among others, risks related to
competition, management of growth, new products, services and
technologies, potential fluctuations in operating results, international
expansion, outcomes of legal proceedings and claims, fulfillment center
optimization, seasonality, commercial agreements, acquisitions and
strategic transactions, foreign exchange rates, system interruption,
significant amount of indebtedness, inventory, government regulation and
taxation, payments and fraud. More information about factors that
potentially could affect Amazon.com's financial results is included in
Amazon.com's filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended December 31,
2007, and subsequent filings.
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