TECH Semiconductor taps $400 million facility

Proceeds from the facility will be utilized for working capital and part refinancing of an existing facility.

TECH Semiconductor Singapore is paying a visit to the loan markets after two years with a $400 million facility. Mandated arrangers ABN AMRO, DBS Bank, OCBC and SSBCiti have launched the facility into sub-underwriting earlier this week. The facility comprises of a $150 million revolving credit and a $250 million term loan.

The tenor of the facility is 3.5 years with a blended average life of 2.8 years. The availability period for the term loan is 12 months,...

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