The facilities were arranged by Bank of America Merrill Lynch and HSBC, acting as Global Coordinators, and were syndicated by a group of 9 global banks. The refinancing is fully supported by JAC Capital and Wise Road Capital, Nexperia’s two main shareholders, and is said to provides “flexible financing package at very attractive terms” in an effort to support further growth of Nexperia.
“This is the first time that Nexperia has approached the financial markets as an independent company,” Frans Scheper, Nexperia’s CEO said, “so we are very pleased with the enthusiastic response. 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.”
