NasdaqGS:ADISemiconductor
What Analog Devices (ADI)'s New US$3 Billion Credit Facility Means For Shareholders
Earlier this month, Analog Devices entered into a new 364-day Revolving Credit Agreement providing access to up to US$3.00 billion in multicurrency borrowing capacity, with options to extend maturity, convert borrowings into a term loan, and designate foreign subsidiaries as borrowers under a company guarantee structure.
This expanded revolving credit facility, with interest costs tied to debt ratings and a required minimum 3.00 to 1.00 EBITDA-to-interest ratio, gives Analog Devices...