Singapore's Global A&T Electronics postpones $625 million notes offer

By Paul A. Harris

Portland, Ore., Nov. 20 - Singapore's Global A&T Electronics Ltd. has postponed its $625 million offering of eight-year senior secured notes (B1/B) due to market conditions, according to an informed source.

Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and UBS Investment Bank were the managers.

The Singapore-based semiconductor company planned to use the proceeds, together with a drawdown from its revolver and cash on hand, to prepay the entire outstanding amount under its existing first-lien credit facilities.

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