Financing ·
Diodes Incorporated amended its senior credit agreement to extend the revolving facility maturity to August 12, 2031…
DIODDiodes Inc
Diodes Incorporated amended its senior credit agreement to extend the revolving facility maturity to August 12, 2031 and modified pricing grids and covenants. The company completed a private offering of $375 million in aggregate principal amount of 0.00% Convertible Senior Notes due 2031, including full exercise of the over-allotment option. Net proceeds were approximately $364.6 million after deducting discounts and expenses. Diodes used $21.9 million to pay for capped call transactions covering the convertible notes and approximately $35.0 million to repurchase 0.36 million shares of common stock at $97.19 per share. The remaining proceeds are designated for general corporate purposes, including potential acquisitions. The company operates in the semiconductor industry, providing analog and power solutions.