California Micro Devices Announces Repayment of $6.6 Million of Debt
May 04 2004 - 9:22PM
PR Newswire (US)
California Micro Devices Announces Repayment of $6.6 Million of
Debt MILPITAS, Calif., May 4 /PRNewswire-FirstCall/ -- California
Micro Devices Corporation announced that it has used $6.6 million
of the $17.9 million net proceeds from its recent public offering
to repay debt. The company will take a charge of approximately
$125,000 in its current fiscal quarter associated with the debt
repayment. The company has less than $350,000 of debt, consisting
primarily of equipment leases, outstanding after today's repayment.
The remaining proceeds from the recent offering will be used for
general corporate purposes. About California Micro Devices
Corporation California Micro Devices Corporation is a leading
supplier of application specific analog semiconductor products for
the mobile, computing and consumer electronics markets. Key
products include Application Specific Integrated Passive(TM)
(ASIP(TM)) devices plus power management and interface ICs.
Detailed corporate and product information may be accessed at
http://www.calmicro.com/. NOTE: ASIP(TM) is a trademark of
California Micro Devices. All other trademarks are property of
their respective owners. DATASOURCE: California Micro Devices
Corporation CONTACT: Greg Miller, Chief Financial Officer,
California Micro Devices Corporation, +1-408-263-3214, or Web site:
http://www.calmicro.com/
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