RF Micro to offer $200 million in notes

June 30, 2003 – Greensboro, NC – Wireless chipmaker RF Micro Devices Inc., plans to offer $200 million of convertible subordinated notes, plus an additional amount of up to $30 million at the option of the initial purchasers.

The company will use the net proceeds for working capital, general corporate purposes, and possibly to retire long-term debt.

The notes, due 2010, will be converted into 22 million common shares, roughly 10.5% of the company’s 188 million shares outstanding.


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