RFMD Announces Proposed Convertible Note Offering
RFMD expects to grant the initial purchaser of the notes a 30-day option to purchase up to an additional $25 million aggregate principal amount of convertible subordinated notes due 2012 and up to an additional $25 million aggregate principal amount of convertible subordinated notes due 2014, in each case, solely to cover over-allotments.
RFMD intends to use the net proceeds from the offering for general corporate purposes, including working capital, potential acquisitions and future stock repurchases.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The notes and the shares of common stock issuable upon conversion of the notes have not been registered under the Securities Act or any state securities laws and, unless so registered, 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.
SOURCE RF Micro Devices, Inc.
CONTACT: Dean Priddy, Chief Financial Officer, +1-336-931-7975, Douglas
DeLieto, VP, Investor Relations, +1-336-931-7968, both of RF Micro Devices;
or Joe Calabrese of Financial Relations Board for RF Micro Devices, +1-212-827-3772