サイプレス、$430百万の上位担保付き回転信用枠に入る | サイプレス セミコンダクタ
SAN JOSE, Calif., 2012年6月27日 – Cypress Semiconductor Corp. (NASDAQ: CY) today announced that it has entered into a five-year senior secured revolving credit facility with a group of lenders led by Morgan Stanley Senior Funding, Inc. as administrative agent and collateral agent. The facility enables the company to borrow up to $430 million on a revolving basis. The credit facility bears interest at LIBOR plus 2.25 percent on the drawn amount. There is a commitment fee payable of 0.375 percent per annum on any undrawn amounts. The credit facility contains customary affirmative, negative and financial covenants for similarly rated companies.
The Company expects to draw down a total of $153 million immediately and is permitted to use the borrowings for working capital, acquisitions, stock repurchases and other general corporate purposes. More detailed information about the credit facility is contained in the Form 8-K to be filed by the Company.
“We are pleased to secure this revolving credit facility at attractive interest rates from a core group of lenders,” said Brad Buss, Executive Vice President of Finance and CFO for Cypress. “The facility enhances Cypress’s credit profile and provides us further financial flexibility to support our long-term corporate objectives.”
サイプレスは、高パフォーマンス ミックスシグナルのプログラマブル ソリューションを提供し、製品化までの時間を短縮し、優れたシステム価値をもたらします。Cypress offerings include the flagship PSoC® 1, PSoC 3 and PSoC 5 programmable system-on-chip families and derivatives, CapSense® touch sensing and TrueTouch® solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets, PCs and tablets. サイプレスはSRAMメモリ分野においても世界のリーダです。サイプレスは、消費者向け製品、携帯機器、コンピュータ、データ通信、自動車、工業用、軍事用といった多くの市場に製品を提供しています。Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at https://www.cypress.com.
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This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding the revolving credit facility entered into by the Company and Cypress’ intended use of funds which may or may not be drawn down on the facility. These statements involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including the business and economic conditions and growth trends in the semiconductor industry and in various geographic regions; our ability to manage financial risk; and other factors listed in Cypress’s most recent reports on Form 10-K, 10-Q and 8-K. The information above speaks only as of the date of this release.
Cypress and the Cypress logo, PSoC, PowerPSoC, CapSense, TrueTouch and West Bridge are registered trademarks of Cypress Semiconductor Corporation.