RF Micro Devices calls $100 million of 3.75% convertibles

Pittsburgh, July 27 - RF Micro Devices Inc. will redeem all $100 million of its outstanding 3.75% convertible subordinated notes due Aug. 15, 2005 at a redemption price of par plus interest accrued up to the Aug. 15 redemption date, according to a company news release.

Holders may convert their notes before the close on Aug. 13 into common stock at a price of $45.09 per share, or 22.18 shares per $1,000 principal amount of notes.

RF Micro stock closed at $5.92 per share on Tuesday.

RF Micro Devices is a Greensboro, N.C., manufacturer, designer, developer and marketer of radio frequency integrated circuits for wireless communications products and applications.

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