ON Semiconductor Amends $1.75 Billion Revolving Credit Agreement With JPMorgan-Led Lenders
Bitget2026/11/12 21:41Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- ON Semiconductor entered an amended and restated credit agreement on November 12, 2026, providing a $1.75 billion senior revolving credit facility.
- JPMorgan Chase Bank serves as administrative agent; the facility replaces the June 22, 2023, credit agreement.
- Maturity is November 12, 2031, subject to acceleration 91 days before certain convertible notes mature unless defeasance or liquidity conditions are met.
- Term Benchmark Loans carry applicable benchmark rates plus 1.25%; borrowing rates may rise with the company's total net leverage ratio.
- Proceeds are available for working capital, general corporate purposes and permitted acquisitions; no amounts were borrowed at closing.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ON Semiconductor Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-043431), on November 12, 2026, and is solely responsible for the information contained therein.
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