Spansion Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Spansion Inc.

CY 23.82

0.0%

Apr 16 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BUGGI-WO who wrote (3647)	3/31/2008 6:49:29 AM
From: Rink	Read Replies (3) of 4590

Numonyx roadbumps: ... The original deadline for Numonyx NV was supposedly last Jan. 1, analysts said. ... The trio called a press conference in late February but was cancelled with none of the trio giving any explanation for the move, prompting speculation that financing of the venture has run into trouble. When the venture was announced in May 2007, the parties arranged for the new company to receive firm commitments for a $1.3 billion term loan and $250 million revolver. The terms were revised late last year so that financing terms involve a senior loan of up to $650 million, and a $100 million committed revolving credit facility for Numonyx. As anticipated, at closing Francisco Partners will invest $150 million in exchange for a 6.3 percent shareholding. In exchange for its contribution of its flash memory business, ST will receive 48.6 percent of Numonyx's shares and $364 million through a combination of cash in the range from low double digits to $130 million and long-term subordinated interest-bearing notes. ... Reports circulating late last year also suggested the 300mm M6 wafer fab in Catania Italy, which has been an empty shell for many years, would be reactivated by Numonyx. Above's quoted from: eetasia.com Seems the $1.3B loan + 250M revolver that first got reduced to 'up to $650M loan + $100M revolver' finally was reduced to $450M loan + $100M revolver. Does anyone remember Numonyx projected cash position to start the company with? Regards, Rink

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next