May 21, 2018 / 5:08 PM / 5 months ago

BRIEF-Microchip Technology Announces Intention To Offer Senior Secured Notes Of Multiple Tranches

May 21 (Reuters) - Microchip Technology Inc:

* MICROCHIP TECHNOLOGY ANNOUNCES INTENTION TO OFFER SENIOR SECURED NOTES OF MULTIPLE TRANCHES

* SAYS INTENDS TO USE OFFERING PROCEEDS, CASH, BORROWINGS TO FUND CASH CONSIDERATION, OTHER AMOUNTS PAYABLE FOR MICROSEMI DEAL

* SAYS EXPECTED THAT NET PROCEEDS TO BE RELEASED TO FINANCE CONSUMMATION OF ACQUISITION OF MICROSEMI CORPORATION Source text for Eikon: Further company coverage:

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