TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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June 24, 2021
Source: Businesswire
Refinancing transaction extends debt maturity and lowers amortization expenses
New revolving credit facility expands borrowing capacity and provides additional strategic flexibility
MaxLinear, Inc. (NYSE: MXL), a leading provider of radio frequency (RF), analog, digital, and mixed-signal integrated circuits, announced today that it has 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.
About MaxLinear, Inc.
MaxLinear, Inc. (NYSE: MXL) is a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multimarket applications. MaxLinear is headquartered in Carlsbad, California. For more information, please visit www.maxlinear.com.
MxL and the MaxLinear logo are trademarks of MaxLinear, Inc. Other trademarks appearing herein are the property of their respective owners.
Contacts
MaxLinear, Inc. Investor Relations Contact:
Steven Litchfield
Tel: 949-333-0080
IR@maxlinear.com
