Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 106

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 106
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694

			2,095

			Construction loan-Cohu GmbH

			6,473

			7,681

			Lines of credit

			633

			1,773

			Total debt

			8,800

			40,876

			Less: financing fees and discount

			-

			(249
			)

			Less: current portion

			(1,748
			)

			(6,324
			)

			Total long-term debt

			$
			7,052

			$
			34,303

The debt principal payments, excluding financing lease obligations, for the next five years and thereafter are as follows (in thousands):

			2025

			$
			1,748

			2026

			1,120

			2027

			1,125

			2028

			1,187

			2029

			1,015

			Thereafter

			2,605

			Total

			$
			8,800

Credit Agreement

On October 1, 2018, we entered into a Credit Agreement providing for a $350.0 million Term Loan Credit Facility and borrowed the full amount to finance a portion of the Xcerra acquisition. Loans under the Term Loan Credit Facility amortize in equal quarterly installments of 0.25% of the original principal amount, with the balance payable at maturity. All outstanding principal and interest in respect of the Term Loan Credit Facility would have been due on or before October 1, 2025. The loans under the Term Loan Credit Facility bore interest, at Cohu’s option, at a floating annual rate equal to LIBOR plus a margin of 3.00%. On June 16, 2023, in connection with the discontinuation of LIBOR, we entered into an amendment to our Term Loan Credit Facility, which provided for the transition of the benchmark interest rate from LIBOR to SOFR. Effective with the interest period beginning July 1, 2023, LIBOR was replaced with Adjusted Term SOFR, a floating annual rate equal to SOFR plus a margin of 3.0%. At December 30, 2023, the outstanding loan balance, net of discount and deferred financing costs, was $29.1 million and $3.4 million of the outstanding