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Cypress Calls For Redemption Of 1.25% Convertible Subordinated Plus Cash(SM) Notes | Cypress Semiconductor

Cypress Calls For Redemption Of 1.25% Convertible Subordinated Plus Cash(SM) Notes

최신 업데이트: 2007년 2월 5일

Cypress Calls For Redemption Of 1.25% Convertible Subordinated Plus Cash(SM) Notes

SAN JOSE, Calif. - 2007년 2월 5일 - Cypress Semiconductor Corp. (NYSE: CY) ("Cypress") is calling today for redemption on 2007년 2월 26일, of all of its 1.25% Convertible Subordinated Plus Cash(SM) Notes due 2008년 6월 15일 (the "Notes"). The aggregate principal amount outstanding of the Notes is approximately $599.0 million. The CUSIP® number for the Notes is 232806 AH2.

Prior to 5:00 p.m. Eastern Time on 2007년 2월 23일, holders may convert their Notes into (i) 55.172 shares of Cypress common stock per $1,000 principal amount of Notes plus (ii) $300 per $1,000 principal amount of Notes. Cash will be paid in lieu of fractional shares. On 2007년 2월 5일, the last reported sale price of Cypress common stock on the New York Stock Exchange Composite Tape was $18.86 per share.

Alternatively, holders may have their Notes redeemed on 2007년 2월 26일. Upon redemption, holders will receive a total of $1,002.43 per $1,000 principal amount of Notes (consisting of the redemption price of $1,000.00 per $1,000 principal amount of Notes, plus accrued and unpaid interest thereon from 2006년 12월 15일 up to but not including 2007년 2월 26일, of approximately $2.43). Any Notes not converted on or before 5:00 p.m. Eastern Time on 2007년 2월 23일 will be automatically redeemed on 2007년 2월 26일, and no further interest will accrue.

A Notice of Redemption is being mailed to all registered holders of the Notes. Copies of the Notice of Redemption may be obtained from U.S. Bank National Association, the Conversion Agent and Paying Agent, by calling Paula Oswald at (213) 615-6043. The address of U.S. Bank National Association is 633 West Fifth Street, 24th Floor, Los Angeles, CA 90071.

Cypress 정보
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value." Cypress offerings include the PSoC® Programmable System-on-Chip™, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB™ radio system-on-chip, to West Bridge™ and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at https://www.cypress.com.

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Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corporation. All other trademarks are the property of their respective owners.

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