Diodes Incorporated DIOD, a leading global manufacturer and supplier
of high-quality application specific standard products within the broad
discrete, logic and analog semiconductor markets, today announced that the
Company has secured a five-year $300 million revolving senior credit facility.
The credit facility bears interest at LIBOR plus 1.50 to 2.25 percent on the
drawn amount and also includes an option to increase the size of the credit
facility by up to $200 million subject to securing additional lender
commitments.
Diodes is permitted to borrow against the facility for the purposes of
refinancing certain existing debt, supporting working capital and capital
expenditures, as well as financing acquisitions. The Company intends to draw
down approximately $200 million, primarily to refinance its current revolver
and term debt of $40 million and to finance the recently announced acquisition
of BCD Semiconductor Manufacturing Limited.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in