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General

ON Semiconductor draws down rest of credit facility to boost liquidity

Wednesday 25 March 2020 | 09:04 CET | News
ON Semiconductor announced that it has drawn down approximately USD 1.17 billion from its revolving credit facility. The company has no immediate use of the funds, and it has made the withdrawal "out of abundance of caution to have access to sufficient liquidity in an uncertain macroeconomic environment", it said in a statement. 

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Categories: General
Companies: ON Semiconductor
Countries: World
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