Diodes Incorporated and Diodes International B.V. Enters into Credit Agreement
Jun 24 15
On June 19, 2015, Diodes Incorporated and Diodes International B.V. (the Foreign Borrower" and, collectively with the company, the Borrowers"), and certain subsidiaries of the company as guarantors, entered into an Amendment, containing an amendment no. 2 to credit agreement and an amendment no. 1 to collateral agreement, which amends the credit agreement and the collateral agreement, both of which dated as of January 8, 2013, with Bank of America, N.A. and other participating lenders. Certain capitalized terms used in this description of the amendment have the meanings given to them in the amendment, the credit agreement, or the collateral agreement. The amendment revises clause and deletes clauses and of the definition of change of control" in Section 1.01 of the credit agreement to remove language that could be viewed as restricting the ability of stockholders to nominate and elect new directors. Under the credit agreement, the occurrence of a change of control, among other events, constitutes an "Event of Default." If any Event of Default occurs and is continuing, the administrative agent shall, at the request of, or may, with the consent of, a majority of the Lenders, terminate the commitments and declare all of the amounts owed under the credit agreement to be immediately due and payable. As of the date of this report, there are $98 million borrowings outstanding under the credit agreement. In addition, the Amendment revises certain administrative items in Sections 1.01, 2.02, 2.04, 2.05, 8.03, 10.01, 11.02, and 11.18, and the Exhibit section of the credit agreement, adds new Sections 10.09 and 10.10 to the credit agreement, and amends Section 1.2 of the collateral agreement, to bring both the credit agreement and the collateral agreement up to date with current standard provisions, which include, but not limited to the following: compliance with the federal account tax compliance act, addition of standard excluded swap contract provisions, addition of standard language to facilitate electronic loan operations, and addition of a Form of Notice of Loan Prepayment.
Diodes Introduces AP3403 Buck Converter
Jun 22 15
Diodes Incorporated has introduced the AP3403 buck converter. Achieving typical efficiencies greater than 95%, this miniature step-down DC-DC converter helps lengthen the battery lifetime of smartphones and other low-voltage portable products. The AP3403 is a synchronous PWM converter that drives a load at up to 600mA, maintaining high efficiency through a configuration of external resistor, capacitor and inductor components. To support mini Li-Ion battery operation, the input voltage range is low at 2.7V to 5V, with no-load current being only 34ÂµA. The buck converter ensures excellent line and load regulation and employs current mode control to deliver fast possible transient response and cycle-by-cycle current limit. By operating at a ripple-reducing fixed 2MHz, the AP3403 is able to help reduce the cost and size of external circuit components, while its ultra-small, thermally efficient U-DFN1616 package further aids a reduction in overall circuit footprint. The converter's output voltage range of 0.7V to 5.5V makes it easily configurable to application requirements. System integrity is maintained by a comprehensive array of built-in features that include under-voltage lockout, over-temperature protection, hiccup mode short-circuit protection, and soft-start functionality.
Diodes Incorporated Introduces NIS5135
Jun 16 15
Diodes Incorporated introduced the NIS5135. Designed to enhance system reliability against shutdown and catastrophic failures, this resettable electronic fuse is well-suited for plug and play applications in consumer applications including hard disc and solid state drives, printers, and set-top boxes. By allowing the product to recover, this e-fuse helps reduce unnecessary field returns. Operating over a wide 3.1V to 18V input voltage range and rated at 3.6A, the NIS5135 integrates an NMOS power device with a low 30m RDS(ON) for reduced power loss. It also features an internal current limit that avoids the voltage drop normally incurred by an external sense resistor in the load path. An over-voltage circuit limits the output voltage without shutting the device down, while downstream components are further protected from damage or premature failure by under-voltage lockout (UVLO) and thermal shutdown circuits, with latching (NIS5135MN1) or auto-retry (NIS5135MN2) options.