News: Suppliers
4 April 2025
5N Plus renews credit facilities for four-year term to support growth
To support its growth plan, specialty semiconductor and performance materials producer 5N Plus Inc (5N+) of Montreal, Québec, Canada has renewed its senior secured multi-currency revolving syndicated credit facilities, expanding its borrowing capacity from $124m to $154m. Subject to lenders’ approval, the firm can opt to further increase its credit facilities to $204m through a $50m accordion feature.
“The company’s strategic focus on value-added products and long-term customer partnerships, without being a critical cost component, has enabled us to pursue our profitable growth as a trusted partner in growing markets,” says chief financial officer Richard Perron. “Determined to pursue both organic and external growth in 2025, we are pleased to have the continued support of leading financial institutions to fund our operations and further cement our position as a leading supplier of critical specialty semiconductors,” he adds.
The credit facility was oversubscribed, with Royal Bank of Canada acting as sole lead arranger and administrative agent joined by long-time banking partners National Bank of Canada, Fédération des Caisses Desjardins du Québec, Business Development Bank of Canada, The Hongkong and Shanghai Banking Corporation Ltd, and most recent participant Canadian Imperial Bank of Commerce. The new credit facilities have a four-year term, bearing interest and a margin based on 5N+’s senior consolidated debt-to-EBITDA ratio.
5N+ sells AZUR subsidiary’s GaN IP portfolio to micro-LED specialist ALLOS
