Arris International amended its credit agreement to add a term loan B facility of $545 million. Bank of America was administrative agent, swing line lender and L/C issuer for the transaction.

The new term B loan has a maturity date of April 2024. The proceeds of the new term loan, along with cash on hand, were used to repay in full the company’s existing term B loan facility.

Under the terms of the second amendment, the new term B loan has a maturity date of April 2024 and an interest rate of LIBOR plus a percentage ranging from 2.25% to 2.50% for eurocurrency loans, or the prime rate plus a percentage ranging from 1.50% to 1.75% for base rate loans, in either case depending on the company’s consolidated net leverage ratio.