August 29, 2016 7:35 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Spansion LLC

Company Overview

Spansion LLC provides flash memory circuit solutions. It offers code execution, data storage, and logic-on-flash solutions for automotive, consumer electronics, data center, networking, and wireless applications. The company was formerly known as FASL LLC and changed its name to Spansion LLC in June 2004. The company was founded in 2003 and is based in Sunnyvale, California. Spansion LLC operates as a subsidiary of Cypress Semiconductor Corporation.

915 DeGuigne Drive

Sunnyvale, CA 94085

United States

Founded in 2003

Phone:

408-962-2500

Fax:

408-616-8174

Key Executives for Spansion LLC

Chief Scientist and Executive Vice President
Age: 65
Chief Administrative Officer and Executive Vice President
Age: 81
Executive Vice President of Embedded and Media Memory Division
Age: 63
Corporate Vice President of Corporate Development, Corporate Secretary and General Counsel
Age: 51
Corporate Vice President of Worldwide Sales
Age: 56
Compensation as of Fiscal Year 2016.

Spansion LLC Key Developments

Cypress Semiconductor Corporation Enters into Amendment No. 2 and 3 to Amended and Restated Credit Agreement

Cypress Semiconductor Corporation entered into amendment no. 2 to amended and restated credit agreement, dated as of March 23, 2016, made by and among Cypress Semiconductor Corporation, Cypress Semiconductor (Minnesota) Inc., Spansion Inc., Spansion LLC, Spansion Technology LLC, Spansion International AM, Inc., and Spansion International Trading Inc., the lenders party thereto, and Morgan Stanley Senior Funding, Inc. (the second amendment), which amends the amended and restated credit agreement, dated as of March 12, 2015, entered into by and among the company, the guarantors from time to time party thereto, the lenders from time to time party thereto, Morgan Stanley Senior Funding, Inc., as administrative agent and as collateral agent, and the other agents party thereto (as amended, modified or supplemented, the credit agreement). In addition, the company entered into Amendment No. 3 to Amended and Restated Credit Agreement, dated as of March 23, 2016, made by and among Cypress Semiconductor Corporation, Cypress Semiconductor (Minnesota) Inc., Spansion Inc., Spansion LLC, Spansion Technology LLC, Spansion International AM, Inc., and Spansion International Trading, Inc., the lenders party thereto, and Morgan Stanley Senior Funding, Inc. (together with the Second Amendment, the Amendments), which also amends the credit agreement. Each Amendment became effective on April 28, 2016 when the company satisfied all of the conditions to effectiveness. The amendments amend, among other things, the incremental facilities provisions of the credit agreement to allow for certain term loans and to allow for unlimited incremental facilities if the company is in pro forma compliance with a specified secured leverage ratio, the total leverage ratio covenant to permit higher total leverage ratios during certain periods, and the restricted payments covenant and investments covenant to provide additional restrictions for the use of certain baskets contained in such covenants.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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