---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-026074"
form_type: "8-K"
ticker: "DIOD"
cik: "0000029002"
company_name: "DIODES INC /DEL/"
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:36:41.253234+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Diodes enters $225M revolving credit facility maturing 2028, replacing existing agreement

## Summary
- $225M revolver with swing line sublimit of $50M, L/C sublimit $100M, alternative currency sublimit $40M.
- Option to increase facility or incur incremental term loans up to $350M aggregate.
- Matures May 26, 2028; borrowings bear interest at Term SOFR plus margin.
- Financial covenants include max leverage ratio, min interest coverage ratio; restricts dividends/repurchases unless pro forma leverage ratio 0.25 to 1.00 below max.
- Proceeds used to refinance existing debt and for working capital, capex, acquisitions.

## SEC filing metadata
- accession: 0000950170-23-026074
- form_type: 8-K
- ticker: DIOD
- cik: 0000029002
- company_name: DIODES INC /DEL/
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/29002/000095017023026074/0000950170-23-026074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/29002/000095017023026074/diod-20230526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-026074
- JSON: https://secwatch.observer/filing/0000950170-23-026074.json
- Plain text: https://secwatch.observer/filing/0000950170-23-026074.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/29002/000095017023026074/0000950170-23-026074-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/29002/000095017023026074/0000950170-23-026074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.