NXP draws again on revolver

NXP, the Dutch semiconductor group, has drawn a further $200m from its Eu500m ($628m) multi-currency revolving credit facility.

  • 19 Feb 2009

The move follows the borrower’s previous draw down of $400m in late November.

“This is a proactive financial decision in order to secure availability of this facility in a turbulent financial market environment,” said NXP’s chief financial officer, Karl-Henrik Sundström.

NXP’s six year revolver, which had an initial margin of ...

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