News: Microelectronics
26 May 2025
Sivers provides extra details on new debt financing with US bank
Sivers Semiconductors AB of Kista, Sweden (which supplies RF beam-former ICs for SATCOMs and photonic lasers for AI data centers) has provided additional details on the debt financing with a US-headquartered bank, established to fully refinance the company’s existing debt, while also supporting ongoing growth and financial strategy.
The maximum principal amount under the agreement is $12m. The loan carries a floating interest rate, set at the higher of the US prime rate plus 2.5% or 9.0% per annum. The loan is structured as a bullet loan, where interest is paid monthly in arrears and the full principal amount is due at maturity.
The new loan has a three-year term facility, with the possibility for annual refinancing. So, provided that Sivers Semiconductors remains in compliance with the agreed covenants and interest payments, the company can maintain the loan for the full three-year period. The annual refinancing option will be a bilateral discussion that allows for potential adjustments or extensions by mutual agreement.
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