ON Semiconductor looks to amend loan for potential note refinancing

By Sara Rosenberg

New York, Oct. 31 - On Semiconductor Corp. is looking to amend its senior credit facility to allow for refinancing transactions, including the repayment or refinancing of its junior subordinated note, according to an 8-K filed with the Securities and Exchange Commission Monday.

Furthermore, the company is seeking that the amendment allow for conversion into common stock of its series A cumulative convertible redeemable preferred stock beneficially owned by TPG Advisors II Inc.

ON Semiconductor is a Phoenix-based designer, manufacturer and marketer of power and data management semiconductors and standard semiconductor components.

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