Jul 02

M.M DILLON & CO SERVES AS CO-MANAGER TO SPANSION INC IN THE SALE OF SENIOR EXCHANGABLE NOTES

MM Dillon acted as a co-manager for Spansion Inc. (NYSE: CODE) in the sale of $150 million aggregate principal amount of its 2.00% Senior Exchangeable Notes (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased from the previously announced aggregate principal amount of $125 million. Spansion has granted the initial purchasers of the notes an option to purchase up to an additional $22.5 million aggregate principal amount of notes for a period of 30 days.

About Spansion Inc

Spansion Inc. was a company that designed, developed, and manufactured flash memory, microcontrollers, mixed-signal and analog products, as well as system-on-chip (SoC) solutions. Spansion was a former joint-venture between AMD and Fujitsu.[3] Spansion closed the acquisition of the Microcontroller and Analog Business of Fujitsu Semiconductor Limited and later merged into Cypress Semiconductor.

About M.M. Dillon & Co.

M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.