Munich - 8 February 2021 - Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has successfully signed a $1.3 billion US private placement of notes. The proceeds of the transaction will be used to repay existing US Dollar bank term loans related to the acquisition of Cypress Semiconductor Corporation. "Infineon has agreed this US private [...] The post Infineon successfully signed $1.3 billion US private placement to repay outstanding financing related to the acquisition of Cypress appeared on New-TechEurope.
Cypress is a California-based manufacturer and distributor of semiconductor products including NOR flash memories and microcontrollers to the industrial sector.