LONDON, October 18, 2010 /PRNewswire/ -- Enterprise Networks Holdings B.V., a joint venture between The Gores Group and Siemens AG which owns and operates the Siemens Enterprise Communications business, announced today that it plans to raise EUR200 million of first-line debt by offering a private placement of senior secured notes.

The net proceeds from the senior secured notes would be used primarily for general corporate purposes, with a portion of the net proceeds to be used to refinance existing debt and retire certain contractual obligations. The notes will be senior secured obligations of EN Germany Holdings B.V., the wholly-owned subsidiary of Enterprise Networks Holdings B.V., and guaranteed on a senior secured basis by Enterprise Networks Holdings B.V. and certain of its subsidiaries.

The Notes and the related guarantees have not been registered under the U.S. Securities Act of 1933, as amended (the Securities Act), or the securities laws of any jurisdiction. Accordingly, the Notes will be offered only to qualified institutional buyers and to persons outside the United States in reliance on Rule 144A and Regulation S under the Securities Act, respectively. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are notified by this press release that the seller of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.

This communication does not constitute an offer of securities to the public in the United Kingdom. Consequently, this communication is directed only to (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as relevant persons). Any investment activity to which this communication relates will only be available to and engaged with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Copies of this announcement are not being made and may not be distributed or sent into the United States of America, Canada, Japan, Australia or France.

In connection with the sale of securities referred to in this release, one or more parties named as the stabilising manager(s) (or persons acting on behalf of any stabilising manager(s)) may over-allot securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the stabilising manager(s) (or persons acting on behalf of any stabilising manager(s)) will undertake stabilisation action. Any stabilisation action may begin on or after the date on which adequate public disclosure of the terms of the offer of the securities is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the securities and 60 days after the date of the allotment of the securities. Any stabilisation action or over-allotment must be conducted by the relevant stabilising manager(s) (or person(s) acting on behalf of any stabilising manager(s)) in accordance with all applicable laws and rules.

The information contained in this release is not for publication or distribution, directly or indirectly, in or into the United States of America, Canada, Japan, Australia or France. The materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and related rules and regulations. There is no intention to register any portion of the offering in the United States of America or to conduct a public offering of securities in the United States of America.

The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to in this release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

About Siemens Enterprise Communications

Siemens Enterprise Communications is a premier provider of end-to-end enterprise communications, including voice, network infrastructure and security solutions that use open, standards-based architectures to unify communications and business applications for a seamless collaboration experience. This award-winning Open Communications approach enables organizations to improve productivity and reduce costs through easy-to-deploy solutions that work within existing IT environments, delivering operational efficiencies. It is the foundation for the company's OpenPath(R) commitment that enables customers to mitigate risk and cost-effectively adopt unified communications. Jointly owned by The Gores Group and Siemens AG, Siemens Enterprise Communications companies include Siemens Enterprise Communications, Cycos, and Enterasys Networks.

Forward Looking Statements

This press release contains statements regarding beliefs and expectations of the outcome of future events that are forward-looking statements as defined within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Neither Enterprise Networks Holdings B.V. nor EN Germany Holdings B.V. takes responsibility for updating the information contained in this press release to reflect subsequent events or circumstances or the occurrence of unanticipated events.

Note: Siemens Enterprise Communications Co K.G. is a trademark licensee of Siemens AG. HiPath, OpenOffice, OpenScape and OpenStage, are registered trademarks of Siemens Enterprise Communications Co K.G. or its affiliates. All other company, brand, product and service names are trademarks or registered trademarks of their respective holders.

Media Relations Amy Martin Global Corporate Communications Telephone: +1(408)-492-2785 Email: amy.martin@siemens-enterprise.com Siemens Enterprise Communications GmbH Co. KG Hofmannstr. 51, 81379 München

SOURCE: Siemens Enterprise Communications

CONTACT: Media Relations: Amy Martin, Global Corporate Communications,Telephone: +1(408)-492-2785, Email: amy.martin@siemens-enterprise.com,Siemens Enterprise Communications GmbH Co. KG, Hofmannstr. 51, 81379München