GREENSBORO, N.C.-RF Micro Devices Inc. said it will offer $200 million of convertible subordinated notes due 2010, plus up to $30 million at the option of the initial purchasers, in a private placement.
The notes will be convertible into the company’s common stock, at a price to be determined. The company plans to use the proceeds for working capital and general corporate purposes and to retire certain long-term debt. The offering, subject to market and other conditions, is expected to close next week.
