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TowerJazz Presents First Quarter 2013 Results and Second Quarter Guidance

2013-05-09 12:12:27| Semiconductors - Topix.net

Reduced 2013 and 2014 principal payments from $105 million to $30 million, extending a low interest of LIBOR+3.5 percent bank loan to final maturity in 2016; Russell Ellwanger, Chief Executive Officer of TowerJazz, commented : "We leave first quarter confident in our tactics and strategies, demonstrated by quarter over quarter double digit guidance ... (more)

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