IXYS repays and terminates revolver upon acquisition by Littelfuse

By Sarah Lizee

Olympia, Wash., Jan. 18 – IXYS Corp. repaid all amounts outstanding under its revolving credit agreement dated Nov. 20, 2015 on Dec. 29, according to an 8-K filing with the Securities and Exchange Commission.

Commitments under the agreement were terminated on Tuesday.

Bank of the West was the administrative agent.

The termination was made in connection with IXYS’ acquisition by Littelfuse, Inc., completed on Wednesday.

IXYS is a semiconductor company based in Milpitas, Calif. Chicago-based Littelfuse is a circuit protection company that specializes in fuse, semiconductor, polymer, ceramic, relay and sensor technology.

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