Skyworks Prices Offering of Convertible Subordinated Notes
27 Fevereiro 2007 - 11:00AM
Business Wire
Skyworks Solutions, Inc. (NASDAQ:SWKS), an innovator of high
performance analog and mixed signal semiconductors enabling mobile
connectivity, today announced that it has priced its previously
announced private placement of $100 million aggregate principal
amount of 1.25% convertible subordinated notes due 2010 and $100
million aggregate principal amount of 1.5% convertible subordinated
notes due 2012 to qualified institutional buyers. The notes will be
convertible into cash, shares of the company�s common stock or a
combination of shares and cash, at its option, at an initial price
of $9.5175 per share. Holders of the notes may require Skyworks to
repurchase the notes upon the occurrence of a fundamental change as
described in the notes. The sale of the notes is expected to close
on March 2, 2007. Skyworks intends to use the net proceeds from the
offering for working capital and general corporate purposes, which
may include capital expenditures, funding potential future
acquisitions, the repurchase of up to $50 million of its common
stock and repaying some or all of the outstanding principal amount
and accrued interest on its outstanding indebtedness. The notes,
and any common stock issuable upon conversion of the notes, have
not been registered under the Securities Act of 1933, as amended,
or the securities laws of any other jurisdiction and, may not be
offered or sold in the United States absent registration or an
applicable exemption from, registration requirements. This
announcement does not constitute an offer to sell or the
solicitation of offers to buy these securities, nor shall there be
any offer or sale of these securities in any state in which such
offer, solicitation or sale would be unlawful. Safe Harbor
Statement This news release includes "forward-looking statements"
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include information relating to the
closing of the private placement. Forward-looking statements can
often be identified by words such as "anticipates," "expects,"
"intends," "believes," "plans," "may," "will," "continue," similar
expressions, and variations or negatives of these words. All such
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially and adversely from
those projected, and may affect our future operating results,
financial position and cash flows. These risks and uncertainties
include, but are not limited to: global economic and market
conditions, the market for Skyworks securities and other risks
detailed from time to time in Skyworks filings with the SEC. These
forward-looking statements are made only as of the date hereof, and
we undertake no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise.
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