DIODES INCORPORATED (NASDAQ:DIOD) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive Agreement.
On February 13, 2017, Diodes Incorporated (the Company), Diodes
International B.V. (the Foreign Borrower and, collectively with
the Company, the Borrowers), and certain subsidiaries of the
Company as guarantors, entered into an Amendment No. 1 to Amended
and Restated Credit Agreement and Limited Waiver (the Amendment)
with Bank of America, N.A., as Administrative Agent, and the
lenders party to the Amendment (collectively, the Lenders), that
among other things, does the following:(a) expands the definition
of cash equivalents to include certain cash equivalent
investments made by foreign subsidiaries of the Company and held
in foreign jurisdictions, and modifies the requirements for cash
equivalent investments in money market investment programs, all
as is more fully described in the Amendment; and (b) waives any
Events of Default that have occurred prior to the date of the
Amendment as a result of investments made by foreign subsidiaries
of the Company in foreign financial products that were not
permitted investments prior to giving effect to the Amendment, as
is more fully described in the Amendment.
The foregoing summary does not purport to be a complete summary
of the Amendment and is qualified in its entirety by reference to
the Amendment, a copy of which is filed herewith as Exhibit 10.1
and is incorporated by reference herein.
Item 2.03Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The disclosure set forth above in Item 1.01 hereby is
incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit Number |
Description |
|
10.1 |
Amendment No. 1 to Amended and Restated Credit Agreement |
About DIODES INCORPORATED (NASDAQ:DIOD)
Diodes Incorporated is a global manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers. It also holds interests in Pericom Semiconductor Corporation, which designs, develops and markets integrated circuits (ICs) and frequency control products (FCPs). DIODES INCORPORATED (NASDAQ:DIOD) Recent Trading Information
DIODES INCORPORATED (NASDAQ:DIOD) closed its last trading session down -0.26 at 24.13 with 201,290 shares trading hands.