Microchip to repay outstanding amounts under term loans

By Taylor Fox

New York, Dec. 14 – Microchip Technology Inc. plans to repay outstanding amounts on its term loans under its amended and restated credit agreement dated May 29, 2018, according to a news release.

The repayment will be funded using proceeds from its $1 billion senior secured note offering.

Microchip is a Chandler, Ariz., manufacturer of microcontroller, memory and analog semiconductors plans.

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