secwatch.observer — SEC 8-K summary
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Issuer:     DIODES INC /DEL/ (DIOD)
CIK:        0000029002
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0000950170-23-026074
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/29002/000095017023026074/0000950170-23-026074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/29002/000095017023026074/diod-20230526.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-026074

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