On Feb. 15, 2005, Standard&Poor's Ratings Services assigned its 'B' rating to San Jose, Calif.-based Sanmina-SCI Corp.'s $300 million senior subordinated notes due 2013, and affirmed its 'BB-' corporate credit rating and all other ratings. Proceeds from the notes will finance the company's planned tender offer for up to $300 million of the company's zero coupon convertible subordinated debentures due 2020. The outlook is stable. The tender offer helps address a likely $633 million debt maturity in September 2005 through a put mechanism under the zero coupon debentures, and the note issue restores full availability under the $500 million revolving credit, improving financial flexibility. The company's cash balances are sufficient to cover the shortfall between the tender and
