Diodes lifts revolver to $200 million, marks $50 million as term loan

By Wendy Van Sickle

Columbus, Ohio, Jan. 4 – Diodes Inc. and Diodes Holding UK Ltd. amended their credit agreement on Dec. 29 to increase the revolver to $200 million from $150 million and reclassify $50 million of the existing outstanding revolver balanced into a funded term loan, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, the interest rate and unused line fees were reduced.

Revolving and term loan borrowings bear interest at a eurocurrency rate plus a margin ranging from 87.5 basis points to 200 bps, and the revolving commitment fee ranges from 15 bps to 30 bps, both depending on consolidated leverage ratio.

Bank of America, NA is the administrative agent.

BofA Securities, Inc. and PNC Capital Markets, LLC are the lead arrangers and bookrunners.

Citibank, NA and Regions Bank are the co-documentation agents.

PNC Bank, NA is the syndication agent.

Diodes is a semiconductor manufacturing company based in Plano, Tex.

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