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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.
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