EXHIBIT 10.1
ON SEMICONDUCTOR CORP
Exhibit 10.1
Bid Execution Version
MORGAN STANLEY SENIOR FUNDING, INC.
1585 Broadway
New York, New York 10036
CONFIDENTIAL
October 1, 2026
ON Semiconductor Corporation
5701 N. Pima Road
Scottsdale, Arizona 85250
Attn: Mr. Thad Trent, Chief Financial Officer
Project Sonic
$2.45 Billion Senior Secured Term Loan Facilities
Commitment Letter
Ladies and Gentlemen:
ON Semiconductor Corporation, a Delaware corporation (the “Company” or “you”), has advised Morgan Stanley Senior Funding, Inc. (together with its designated affiliates, “MSSF”, and MSSF together with each person that becomes a party to this Commitment Letter as an additional “Commitment Party” pursuant to Section 3 hereof, collectively, the “Commitment Parties,” “we” or “us”) that the Company intends to acquire (the “Acquisition”), directly or indirectly, all of the issued and outstanding equity interests of a company previously identified to the Commitment Parties as “Sonic” (the “Target” and, together with its subsidiaries, the “Acquired Business”) pursuant to that certain Amende
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