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International Rectifier


, a producer of power conversion semiconductors, said it would sell $650 million of convertible subordinated notes due 2013 in a private offering.

Under the terms of the offer, initial purchasers of the notes will have an over-allotment option to purchase up to an additional $100 million principal amount of notes within 13 days of the initial issuance of the notes.

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The El Segundo, Calif.-based company intends to use the proceeds for general corporate purposes, including the repayment of existing debt, to pay for the cost of convertible note hedge and warrant transactions.

This story was created through a joint venture between and IRIS.