Brief: Cohu Announces $100 Million Debt Prepayment

Cohu

30/06/2021 21:09

June 30 (Reuters) - Cohu Inc  COHU.O :
    * COHU ANNOUNCES $100 MILLION DEBT PREPAYMENT
    * COHU INC - AS A RESULT OF PREPAYMENT, REDUCED OUTSTANDING
PRINCIPAL OF TLB TO ABOUT $104 MILLION
    * COHU INC - DEBT PREPAYMENT WAS FUNDED WITH NET PROCEEDS
FROM
DIVESTMENT OF CO'S PRINTED CIRCUIT BOARD TEST BUSINESS
    * COHU INC - $100 MILLION PRINCIPAL REDUCTION IS EXPECTED TO
SAVE
ABOUT $0.8 MILLION IN FISCAL Q3 2021 INTEREST EXPENSE

Source text for Eikon:  ID:nBwVLlvCa 
Further company coverage:  COHU.O 

 ((Reuters.Briefs@thomsonreuters.com;))