Manufacturing Industry

ICS in $2M Repurchase Plan

Electronic News, Sept 13, 1999

Integrated Circuit Systems Inc., Valley Forge, Pa., plans to repurchase up to $2 million of its subordinated debt. According to a limited waiver to its credit agreement approved by a bank syndicate, ICS may do the transaction as long as it has paid an amount equal to the next 24 months payment on term loans of $5.6 million and as long as it does not pay a premium above par for the debt.

ICS manufactures ICs linked to the mixed signal market.

COPYRIGHT 1999 Reed Business Information, Inc. (US)
COPYRIGHT 2008 Gale, Cengage Learning

 

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