New York, Jan. 22 - Skyworks Solutions, Inc. registered $45 million of 15% senior subordinated convertible notes due 2005 with the Securities and Exchange Commission for resale.
The Woburn, Mass. wireless semiconductor company issued the notes to Conexant Systems, Inc. in exchange for outstanding debt.
Conexant or security holders it assigns the notes may use the prospectus.
The notes mandatorily convert into stock at maturity and may optionally be converted by holders earlier.
Issuer: | Skyworks Solutions, Inc.
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Issue: | Senior subordinated convertible notes
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Amount: | $45 million
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Coupon: | 15% payable quarterly
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Maturity: | June 30, 2005
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Conversion price: | $7.87; if stock is trading below conversion price then converts at then-current market price subject to a floor of 80% of $7.87
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Call: | May 12, 2004 onwards at 103
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