BofA Merrill Arranges $150MM Revolver for Ixia
Ixia, a provider of test and monitoring solutions that optimize networks and data centers, announced that it has secured a four-year, $150 million senior secured revolving credit facility.
Ixia said Bank of America Merrill Lynch served as sole lead arranger and sole book runner, and Bank of America, acted as the administrative agent.
Other participating banks included U.S. Bank, Silicon Valley Bank, HSBC Bank USA, Barclays Bank, Stifel Bank & Trust, and Deutsche Bank Trust Company Americas.
The credit facility includes an accordion option, which allows the company to increase the size of the facility by up to $50 million under certain circumstances, extending its total line of credit borrowing capability to $200 million.