Avago Technologies Finance Pte. Ltd. designs, develops, and supplies analog semiconductors with a focus on III-V based products. It offers radio frequency (RF) amplifiers, RF filters, RF front end modules, light sensors, light-emitting diodes (LEDs), low noise amplifiers, mm-wave mixers, optical finger navigation products, and diodes to the wireless communications market; and fiber optic transceivers and serializer/deserializer ASICs to the wired infrastructure market. The company also provides fiber optic transceivers, LEDs, motion control encoders and subsystems, and optocouplers to the industrial and automotive electronics market; and optical mouse sensors and motion control encoders and ...
1 Yishun Avenue 7
Avago Technologies Limited's Subsidiaries Enter into Credit Agreement
Oct 30 13
On October 28, 2013, certain subsidiaries of Avago Technologies Limited, specifically Avago Technologies Finance Pte. Ltd., a company incorporated under the Singapore Companies Act, Avago Technologies Holding Pte. Ltd., a company incorporated under the Singapore Companies Act, Avago Technologies International Sales Pte. Limited, a company incorporated under the Singapore Companies Act, Avago Technologies U.S. Inc., a Delaware corporation, and Avago Technologies General IP (Singapore) Pte. Ltd., a company incorporated under the Singapore Companies Act, entered into that certain Credit Agreement, by and among the Avago Finance, the Guarantors, the lenders named therein, and Citicorp International Limited, as administrative agent. The Credit Agreement provides for a revolving credit facility that permits Avago Finance to borrow loans from time to time in an aggregate principal amount of up to $575,000,000, for general corporate purposes, and for the issuance of letters of credit of up to $20,000,000 in the aggregate, which reduce the available borrowing capacity under the revolving credit facility on a dollar for dollar basis. Avago Finance's obligations under the Credit Agreement are guaranteed by the Guarantors. The Credit Agreement has a term of five years. Loans under the Credit Agreement will bear interest at a rate per annum equal to (i) the highest of (x) the rate of interest announced publicly by Citibank, N.A. in New York, New York, from time to time, as Citibank's base rate, (y) 2 of 1% per annum above the Federal Funds Rate and (z) the British Bankers Association Interest Settlement Rate applicable to U.S. dollars for a period of one month plus 1.00% or (ii) the rate per annum obtained by dividing (x) the rate per annum appearing on Reuters LIBOR01 Page as the London interbank offered rate for deposits in U.S. dollars for the applicable interest period by (y) a percentage equal to 100% minus the Eurocurrency Rate Reserve Percentage for such interest period, plus, in each case, the Applicable Margin.