Fairchild Semiconductor sets Tuesday bank meeting for $100 million add-on to Libor plus 250 bps term loan

By Paul A. Harris

St. Louis, April 21 - Fairchild Semiconductor International Inc. will hold a bank meeting on Tuesday for a $100 million add-on to its Libor plus 250 bps term loan (Ba2/BB-), according to a market source.

The reoffer price remains to be determined, the source added.

Bank of America and JPMorgan are leading the deal.

Proceeds plus cash on hand will be used to retire convertible securities.

Fairchild is a South Portland, Maine, supplier of power analog, power discrete and nonpower semiconductor services.

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