ON Semiconductor to repay and terminate facility in second quarter

By Sara Rosenberg

New York, May 6 - ON Semiconductor Corp. plans to prepay and terminate its senior credit facility in the second quarter using cash on hand, according to a 10-Q filed with the Securities and Exchange Commission on Thursday.

As part of the repayment, the company's $169.8 million of term loan debt would be taken out.

ON Semiconductor is a Phoenix, Ariz.-based semiconductor company.

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