20 Apr 2018

Discrete semiconductor company secures $800M to fund growth

Nexperia, a specialist in discretes, logic and MOSFET devices, has announced the successful completion of a refinancing of its current facilities with USD 800 million equivalent of senior credit facilities. This includes a significant proportion of Revolving Credit facility. The proceeds will be used to refinance existing outstanding debt and for Capex expenditure to fund future growth.

The facilities were arranged by Bank of America Merrill Lynch and HSBC, acting as Global Coordinators, and were syndicated by a group of nine global banks. The refinancing is fully supported by JAC Capital and Wise Road Capital, Nexperia’s two main shareholders, and provides a flexible financing package at very attractive terms to support the further growth of Nexperia going forward.

Comments from Frans Scheper, Nexperia’s CEO: “This is the first time that Nexperia has approached the financial markets as an independent company, so we are very pleased with the enthusiastic response. Refinancing the outstanding debt will result in significant savings and give us greater flexibility, while the extra credit will enable us to pursue our ambitions fully with investment in new facilities and manufacturing technology."

Nexperia is a Netherlands-headquartered, global manufacturer of discrete semiconductor components. The company is investing in increasing its capacity and footprint, having recently made a significant expansion to its Guangdong Assembly and Test Facility in China.

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Specifying Connectors for Use in Demanding Environments Mark Patrick | Mouser Electronics
Specifying Connectors for Use in Demanding Environments
With hardware being deployed in a wide variety of different application settings, many of them exhibiting harsh environmental conditions, ensuring that the operational reliability of the interconnection components utilised can often prove to be a challenging task.

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