SemiLEDs Amends Loan Agreements to Allow Stock Repayment and Extends Maturity Dates

Reuters
Jan 16
SemiLEDs Amends Loan Agreements to Allow Stock Repayment and Extends Maturity Dates

SemiLEDs Corporation has amended its loan agreements with Trung Doan and Simplot Taiwan Inc. On January 15, 2025, the company entered into the Seventh Amendment to the Loan Agreement with Trung Doan and the Fifth Amendment to the Loan Agreement with Simplot Taiwan Inc., extending the maturity dates to January 15, 2026. Previous amendments allowed SemiLEDs to repay portions of principal or accrued interest by issuing common stock at the prevailing market price, subject to mutual agreement. All other terms and conditions of the agreements remain unchanged.

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