MACOM Amends Credit Agreement Securing $250 Million in Incremental Term Loans
August 31 2016 - 04:53PM
Business Wire
MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI)
(MACOM), a leading supplier of high-performance analog RF,
microwave, millimeterwave and photonic semiconductor products,
today announced it has entered into an amendment of its existing
credit agreement dated May 8, 2014, in which the Company secured
incremental term loans in an aggregate principal amount of $250
million. The incremental term loans bear an interest rate of LIBOR
plus 3.75%.
Commenting on the credit agreement, John Croteau, MACOM's
President and Chief Executive Officer, stated, “Access to
incremental capital at favorable terms as part of this amended
credit agreement provides MACOM with additional flexibility for
general corporate purposes. In addition, this capital enables us to
continue being opportunistic as we consider potential future
acquisitions.”
Goldman Sachs Bank USA acted as Administrative Agent. Additional
details about the amended credit agreement can be found in the
Current Report on Form 8-K filed by the Company with the U.S.
Securities and Exchange Commission today at www.sec.gov.
About MACOMMACOM enables a better-connected and safer
world by delivering breakthrough semiconductor technologies for
optical, wireless and satellite networks that satisfy society’s
insatiable demand for information.
Today, MACOM powers the infrastructure that millions of lives
and livelihoods depend on every minute to communicate, transact
business, travel, stay informed and be entertained. Our technology
increases the speed and coverage of the mobile Internet and enables
fiber optic networks to carry previously unimaginable volumes of
traffic to businesses, homes and datacenters.
Keeping us all safe, MACOM technology enables next-generation
radars for air traffic control and weather forecasting, as well as
mission success on the modern networked battlefield.
MACOM is the partner of choice to the world’s leading
communications infrastructure, aerospace and defense companies,
helping solve their most complex challenges in areas including
network capacity, signal coverage, energy efficiency and field
reliability, through its best-in-class team and broad portfolio of
analog RF, microwave, millimeterwave and photonic semiconductor
products.
MACOM is a pillar of the semiconductor industry, thriving for
more than 60 years of daring to change the world for the better,
through bold technological strokes that deliver true competitive
advantage to customers and superior value to investors.
Headquartered in Lowell, Massachusetts, MACOM is certified to
the ISO9001 international quality standard and ISO14001
environmental management standard. MACOM has design centers and
sales offices throughout North America, Europe, Asia and
Australia.
MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech,
Partners in RF & Microwave, and related logos are trademarks of
MACOM. All other trademarks are the property of their respective
owners. For more information about MACOM, please
visit www.macom.com follow @MACOMtweets on Twitter, join MACOM
on LinkedIn, or visit the MACOM YouTube Channel.
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version on businesswire.com: http://www.businesswire.com/news/home/20160831006475/en/
Shelton GroupInvestor Relations Contacts:Leanne K.
Sievers, 949-224-3874orBrett L. Perry,
214-272-0070sheltonir@sheltongroup.com
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