Cohu to repay $100 million of term loan B with proceeds from sale

By William Gullotti

Buffalo, N.Y., June 24 – Cohu, Inc. announced it intends to repay $100 million of its term loan B facility with the proceeds from the sale of its printed circuit board test group to Mycronic AB, according to a notice.

Before taxes and post-closing adjustments, Cohu received cash proceeds of $125.4 million for the group.

Cohu is a Poway, Calif.-based supplier of semiconductor test and inspection handlers, micro-electro mechanical system test modules, test contactors and thermal sub-systems.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.