Skyworks repurchases $62.4 million of 1.25%, 1.5% convertibles

By Angela McDaniels

Tacoma, Wash., Nov. 6 - Skyworks Solutions, Inc. retired $62.4 million of its 1.25% convertible subordinated notes due 2010 and 1.5% convertible subordinated notes due 2012 during the fiscal fourth quarter ended Oct. 3, according to a company news release.

The company said the early retirement led to a loss of $6.8 million, of which roughly $5.8 million represents a premium paid and $1.0 million represents a write-off of deferred financing costs.

Skyworks is a Woburn, Mass., maker of wireless and precision analog semiconductors.

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