Discretes, power chip maker Nexperia raises $800 million
The company was formed in February 2017 by the purchase of the standard products business unit of NXP Semiconductors NV (Eindhoven, The Netherlands) by a consortium led by China’s Beijing Jianguang Asset Management Co. Ltd. and Wise Road Capital Ltd.
The debt facility has been arranged by Bank of America Merrill Lynch and HSBC and syndicated to a group of nine banks.
“Refinancing the outstanding debt will result in significant savings and give us greater flexibility, while the extra credit will enable us to pursue our ambitions fully with investment in new facilities and manufacturing technology,” said Frans Scheper, Nexperia’s CEO, in a statement.
Nexperia employs more than 11,000 people and has wafer fabs in Hamburg, Germany and Manchester, UK and assembly centers in Guangdong, China, Seremban, Malaysia and Cabuyao, Philippines. The company is investing in increasing its capacity and footprint, having recently made a significant expansion to its Guangdong Assembly and Test Facility in China.
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