ON Semiconductor completes repayment, termination of credit facility

By Sara Rosenberg

New York, May 11 - ON Semiconductor Corp. successfully prepaid and terminated its $169.75 million term loan and terminated its $25 million undrawn revolver, according to a news release.

The company had previously said that it was planning to repay and cancel its credit facility sometime in the second quarter.

The repayment was made from cash on hand.

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

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