Nexperia, the former standard products division of NXP which was sold to China, has raised $800 million.

Bank of America Merrill Lynch and HSBC co-ordinated the fund-raising from nine banks.

Nexperia’s two main shareholders are the Chinese investment funds JAC Capital and Wise Road Capital.

“This is the first time that Nexperia has approached the financial markets as an independent company, so we are very pleased with the enthusiastic response,” says Frans Scheper, Nexperia’s CEO (pictured), “refinancing the outstanding debt will result in significant savings and give us greater flexibility, while the extra credit will enable us to pursue our ambitions fully with investment in new facilities and manufacturing technology.”

Nexperia recentky made a significant expansion to its Guangdong Assembly and Test Facility in China.

By: DocMemory
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