Analog Devices Announces $2.5 Billion Sustainability-Linked Revolving Credit Facility
June 23, 2021 at 04:00 pm EDT
Share
Analog Devices, Inc. announced that it has successfully executed a $2.5 billion sustainability-linked senior revolving credit facility, replacing its existing $1.25 billion senior revolving credit facility. Half of the $2.5 billion facility will become available only upon the consummation of ADI’s acquisition of Maxim Integrated Products, Inc. ADI is one of the first U.S. semiconductor companies to issue a sustainabilitby-linked revolving credit facility, reinforcing the company’s commitment to sustainability. Under the terms of the facility, ADI receives a pricing adjustment based on its performance against environmental criteria during the facility’s five-year term. ADI’s progress will be measured on two key performance indicators within the company’s main manufacturing facilities, namely using renewable energy and reducing greenhouse gas emissions.
Analog Devices, Inc. specializes in the design, manufacturing and marketing of integrated circuits. The group's activity is organized around 2 families of products:
- analog integrated circuits: converters, amplifiers, MEMS systems, integrated radio frequency circuits, etc.);
- digital integrated circuits.
Net sales break down by market between industrial equipment (53.2%), automotive products (20.9%), communication products (15.7%), and consumer electronics products (9.9%).
Net sales are distributed geographically as follows: the United States (33.8%), Americas (0.7%), China (18.1%), Japan (11.4%), Asia (11.6%), and Europe (24.4%).