Teradyne to repay loans with proceeds from $150 million convertibles offering

By Susanna Moon

Chicago, March 30 - Teradyne Inc. said it plans to repay and terminate its senior secured credit facility.

Funding will come from an offering of $150 million principal amount of convertible senior notes due 2014 with a greenshoe of $22.5 million.

Teradyne is a North Reading, Mass.-based designer, developer, manufacturer, seller and servicer of automatic test equipment for the semiconductor industry.

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