Spansion Announces Private Offering of Senior Unsecured Notes

Spansion Inc. is offering, subject to market and other conditions, $200 million aggregate principal amount of senior unsecured notes in a private offering.

Spansion intends to use the net proceeds from the offering to repay amounts outstanding under the company's $450 million term loan.

The notes have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A and in offshore transactions pursuant to Regulation S under the Securities Act. Unless so registered, the notes may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

Spansion

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