Avago Technologies to redeem $200 million floating-rate notes due 2013

By Devika Patel

Knoxville, Tenn., Nov. 15 - Avago Technologies announced it will redeem $200 million of its $250 million outstanding senior floating-rate notes due 2013 on Dec. 18.

The notes will be redeemed at 102%, plus accrued interest up to, but not including, the redemption date.

The notes will be purchased with existing cash balances.

Avago is a Singapore-based semiconductor supplier.

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