News & Events
Intersil Achieves Majority Consent on Bond Offer to Eliminate Long-term Debt

IRVINE, CA., —Feb. 12, 2001— Intersil Corporation, a leading provider of silicon technology for wireless access and communications analog markets, announced today that holders of more than a majority in principal amount of its outstanding 13.25% Senior Subordinated Notes due 2009 (the "Notes") have delivered consents in connection with Intersil’s Tender Offer and Consent Solicitation announced on January 29, 2001. Accordingly, Intersil has executed and delivered a supplemental indenture containing the amendments described in the Company’s Offer to Purchase and Consent Solicitation Statement dated January 29, 2001, as amended.

The amendments will not become operative unless the Notes are accepted for purchase in accordance with the terms of the tender offer. If the amendments become operative, holders of all untendered Notes will be bound thereby. As previously announced, the tender offer will expire at 5:00 p.m. Eastern on Tuesday, February 27, 2001 unless extended.

Requests for copies of the Offer to Purchase and Consent Solicitation Statement and related documents, and assistance relating to the procedure for tendering Notes and delivering consents may be obtained by contacting D.F. King & Co., Inc., the Information Agent, toll free at 800-431-9643. Requests for assistance relating to the terms and conditions of the tender offer and the consent solicitation may be directed to Lehman Brothers, Inc., the Dealer-Manager, toll free at 800-438-3242 or collect at (212) 528-7581.

About Intersil
Irvine, California-based Intersil is a leading supplier of semiconductors, reference designs and software for wireless access and communications analog markets. Intersil applies analog, mixed-signal and radio frequency (RF) expertise to the development of products tailored for high-growth communications markets. For more information about Intersil, visit the company's Internet homepage at www.intersil.com.

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