FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Wells Fargo, MUFG, Others Arrange $350MM Term Loan, $100MM Revolver for MaxLinear

June 24, 2021, 08:02 AM
Filed Under: Specialty Industries

MaxLinear, a leading provider of radio frequency (RF), analog, digital, and mixed-signal integrated circuits, entered into a new $350 million seven-year senior secured term B loan facility, the proceeds of which will be used to repay and terminate MaxLinear’s existing credit facilities, pay fees and expenses, and provide additional working capital for MaxLinear. MaxLinear also entered into a new $100 million five-year senior secured revolving credit facility which was undrawn at the time of close.

The new credit facility expands MaxLinear’s borrowing capacity, extends the term of the Company’s indebtedness, and reduces amortization expenses. The revolving facility provides MaxLinear with increased strategic and operational flexibility to support the Company’s key growth initiatives.

Wells Fargo Securities, MUFG Securities Americas, BMO Capital Markets, and Citizens Bank acted as joint lead arrangers and bookrunners for the transaction.

 





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.