TriQuint plans to repay convertibles due 2007 with cash on hand

By Jennifer Chiou

New York, Feb. 8 - TriQuint Semiconductor, Inc. announced that it expects to repay its convertible bonds due March 1, 2007 out of existing cash balances.

The company said that cash, cash equivalents and short and long term marketable securities were $373.2 million as of Dec. 31.

TriQuint added that its net cash and investments after retiring the convertibles are expected to be about $150 million.

Hillsboro, Ore.-based TriQuint supplies high-performance modules, components and foundry services for communications companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.