Diodes completes $300 million revolver led by Bank of America

By Sara Rosenberg

New York, Jan. 8 - Diodes Inc. closed on a $300 million five-year senior revolving credit facility, according to a news release.

Bank of America Merrill Lynch acted as the sole lead arranger and bookrunner.

Pricing on the revolver can range from Libor plus 150 basis points to 225 bps.

There is a $200 million accordion feature.

Proceeds were used to refinance existing debt and are available for working capital, capital expenditures and to fund acquisitions, including the purchase of BCD Semiconductor Manufacturing Ltd.

Diodes is a Plano, Texas-based manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic and analog semiconductor markets.

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