secwatch / observer
8-K filed June 2, 2023, 7:59 PM ET ticker DIOD CIK 0000029002
debt confidence high sentiment neutral materiality 0.50

DIODES INC /DEL/ (DIOD): debt financing — Diodes enters $225M revolving credit facility maturing 2028, replacing existing agreement

DIODES INC /DEL/

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

DIODES INC /DEL/ amended revolving credit of $225.0 million at Term SOFR or similar other indices plus a specified margin maturing May 26, 2028.

Instrument
revolving credit
Principal
$225.0 million
Rate
Term SOFR or similar other indices plus a specified margin
Maturity
May 26, 2028
Event
amendment
Exact text from the filing
the meanings given to them in the Credit Agreement. The Existing Credit Agreement consisted of a term loan with no current balance as of the date of the Credit Agreement and a $225.0 million revolving senior credit facility with nothing drawn as of the date of the Credit Agreement. The Credit Agreement, which represents a complete amendment and restatement of the
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

DIODES INC /DEL/ amended Third Amended and Restated Credit Agreement with Diodes Holding UK Limited and certain subsidiaries as guarantors valued at Revolving Credit Facility of $225.0 million; option to increase by up to $350.0 million; swing line (effective 2023-05-26).

Action
amendment
Agreement
credit facility
Counterparty
Diodes Holding UK Limited and certain subsidiaries as guarantors
Value
Revolving Credit Facility of $225.0 million; option to increase by up to $350.0 million; swing line
Effective
2023-05-26
Exact text from the filing
On May 26, 2023, Diodes Incorporated (the “Company”), Diodes Holding UK Limited (the “Foreign Borrower” and, collectively with the Company, the “Borrowers”), and certain subsidiaries of the Company as guarantors, entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”) that amends and restates that certain Second Amended and Restated Credit Agreement dated as of May 29, 2020 (as amended, modified and/or supplemented from time to time prior to the date of the Credit Agreement, the “Existing Credit Agreement”).
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DIODES INC /DEL/ filing history →

Source: SEC EDGAR
accession 0000950170-23-026074
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