Atlantic Coast to sell $125 million convertibles

New York, Feb. 18 - Atlantic Coast Airlines Holdings Inc. said it plans to sell $125 million of 30-year convertible senior notes.

The offering will also have a $25 million greenshoe.

The Dulles, Va., airline said it will use proceeds for working capital and general corporate purposes including purchasing aircraft, financing the acquisition of aircraft and paying security deposits and prepayment obligations on aircraft.

No further details on the deal were immediately available.

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