Fairchild Semiconductor calls 5% convertibles

By Angela McDaniels

Tacoma, Wash., May 19 - Fairchild Semiconductor International Inc. said it will redeem its $200 million of 5% convertible senior notes due Nov. 1, 2008.

The redemption date is expected to be June 10, according to a company news release.

The San Jose, Calif.-based semiconductor supplier will fund the redemption with proceeds from its $150 million incremental term loan B-1 and with cash on hand.

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