secwatch.observer — SEC 8-K summary
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Issuer:     VISHAY INTERTECHNOLOGY INC (VSH)
CIK:        0000103730
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000103730-23-000034
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vishay amends $750M credit facility, extends maturity to May 2028, shifts to SOFR
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- Revolving credit facility increased to $750M, maturity extended to May 8, 2028.
- Net leverage ratio (tested at ≥3.25x with up to $250M cash deduction) replaces total leverage ratio for covenant compliance.
- Current borrowing rate SOFR+1.60% (incl. spread); commitment fee on undrawn portion is 0.25% per annum.
- Facility now allows borrowings in EUR, GBP, JPY up to $250M aggregate limit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103730/000010373023000034/0000103730-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103730/000010373023000034/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000103730-23-000034

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