debt
confidence high
sentiment neutral
materiality 0.50
Vishay amends credit agreement, sets interest coverage min at 3.25x; declares $0.10 dividend
VISHAY INTERTECHNOLOGY INC
- Credit Agreement amended: minimum Interest Coverage Ratio changed to 3.25:1 for periods ending on/after Sept 28, 2024.
- Threshold for Foreign Subsidiary Indebtedness increased to greater of $300M or 15% of Consolidated Tangible Net Worth.
- Quarterly cash dividend of $0.10 per share declared, payable Sept 26, 2024 to holders of record Sept 10, 2024.
- Other significant terms of the Amended and Restated Credit Agreement remain unchanged.