News & Events
Intersil Successfully Completes Tender Offer to Eliminate Long-term Debt

IRVINE, Calif., — Feb. 28, 2001 — Intersil Corporation, a leading provider of silicon technology for wireless access and communications analog markets, announced today that it has completed its tender offer for any and all of its outstanding $61.6 million 13.25% Senior Subordinated Notes Due 2009 (the "Notes") and the related consent solicitation.

Based on information provided by the United States Trust Company of New York, the depositary for the tender offer and consent solicitation, all of the outstanding Notes were validly tendered and not canceled prior to the expiration of the tender offer at 5:00 p.m. Eastern on February 27, 2001. The total consideration to be paid per $1,000 principal amount of Notes validly tendered on or before February 9, 2001, the expiration date of the consent solicitation, will be $1,284.95, plus accrued and unpaid interest to but not including the payment date, which includes a consent payment of $30 per $1,000 principal amount of Notes. The tender offer consideration to be paid per $1,000 principal amount of Notes validly tendered after February 9, 2001 will be $1,254.95. Intersil has accepted for payment all validly tendered Notes and validly delivered consents. Intersil expects to make payment for tendered Notes and delivered consents on March 1, 2001.

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 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.