The funds will be used to refinance the existing outstanding debt and to partly finance the acquisition by Wingtech Technologies, a listed Chinese computer and telecom equipment manufacturer.
The facilities were arranged and underwritten by ABN AMRO, Bank of America Merrill Lynch and HSBC acting as Global Coordinators and were syndicated to a group of twelve global banks in total. The refinancing is fully supported by Wingtech and provides a flexible financing package to support the further growth of Nexperia.
Nexperia is a Netherlands-headquartered, global manufacturer of discrete semiconductor components.
As a result of the Wingtech acquisition, the company is expected to capture long-term growth trends in China, while generating significant new revenue streams.
