secwatch / observer
8-K filed May 8, 2023, 7:59 PM ET ticker VSH CIK 0000103730
debt confidence high sentiment neutral materiality 0.40

VISHAY INTERTECHNOLOGY INC (VSH): debt financing — Vishay amends $750M credit facility, extends maturity to May 2028, shifts to SOFR

VISHAY INTERTECHNOLOGY INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VISHAY INTERTECHNOLOGY INC incurred revolving credit of $750 million with JPMorgan Chase Bank, N.A. at SOFR plus 1.60% maturing May 8, 2028.

Instrument
revolving credit
Principal
$750 million
Counterparty
JPMorgan Chase Bank, N.A.
Rate
SOFR plus 1.60%
Maturity
May 8, 2028
Event
incurrence
Exact text from the filing
On May 8, 2023, Vishay Intertechnology, Inc. (“Vishay” or the “Company”) entered into an Amendment and Restatement Agreement with a consortium of banks led by JPMorgan Chase Bank, N.A., as administrative agent, and the lenders (the "Amended and Restated Credit Facility"), which provides an aggregate commitment of $750 million of revolving loans available until May 8, 2028.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

VISHAY INTERTECHNOLOGY INC entered into Amended and Restated Credit Facility with a consortium of banks led by JPMorgan Chase Bank, N.A., as administrative agent valued at $750 million (effective 2023-05-08).

Action
entry
Agreement
credit facility
Counterparty
a consortium of banks led by JPMorgan Chase Bank, N.A., as administrative agent
Value
$750 million
Effective
2023-05-08
Exact text from the filing
On May 8, 2023, Vishay Intertechnology, Inc. ("Vishay" or the "Company") entered into an Amendment and Restatement Agreement with a consortium of banks led by JPMorgan Chase Bank, N.A., as administrative agent, and the lenders (the "Amended and Restated Credit Facility"), which provides an aggregate commitment of $750 million of revolving loans available until May 8, 2028.
View on SEC.gov

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VISHAY INTERTECHNOLOGY INC filing history →

Source: SEC EDGAR
accession 0000103730-23-000034
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