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ON Semiconductor to repay $1 billion borrowings under revolver
By Taylor Fox
New York, Aug. 17 – ON Semiconductor Corp. intends to repay about $1 billion of outstanding borrowings under its revolving credit facility, according to a news release.
The repayment will be funded using proceeds from its $500 million offer of senior notes due 2028, together with cash on hand.
ON Semiconductor is a Phoenix-based semiconductor company.
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