ASM International boosts credit facility commitments by two-thirds

By Susanna Moon

Chicago, July 11 - ASM International NV said it increased the credit commitments on its standby revolving credit facility to €150 million from €90 million and extended the maturity to July 31, 2014.

The maturity date may be pushed out another year to July 31, 2015 if holders convert all of the outstanding bonds due Nov. 6, 2014 or if the convertibles are repaid or replaced by June 30, 2014.

The facility was set to expire on Nov. 1, 2012.

Rabobank was coordinator, and other participating banks include ABN Amro, HSBC Bank, KBC Bank and Morgan Stanley.

ASM is an Almere, Netherlands-based semiconductor equipment maker.

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