June 30, 2009 (FinancialWire) — Rambus Inc. (NASDAQ: RMBS) has closed a public offering of $150 million of 5% convertible senior notes due 2014. Credit Suisse Securities (NYSE: CS) and J.P. Morgan Securities (NYSE: JPM) were the joint book-running managers.

The company has granted the underwriters an option to purchase up to an additional $22.5 million of the notes to cover over-allotments, which has not been exercised to date.

Rambus said that the notes are unsecured, unsubordinated obligations of Rambus and interest is payable semi-annually at a rate of 5% per annum. The notes mature on June 15, 2014.

The company plans to use the net proceeds from the offering for general corporate purposes, which may include financing potential acquisitions and strategic transactions, repayment of Rambus’ zero coupon convertible senior notes due 2010, and working capital.

Los Altos, California-based Rambus is a technology licensing company focused on the invention and design of high-speed memory architectures.

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