Microsemi entered into an increase revolving joinder No. 1 to credit agreement with respect to an increase in revolving commitments under its existing credit agreement dated January 15, 2016, with Morgan Stanley Senior Funding as administrative agent.

The increase revolving joinder provides for, among other things, a $50 million increase in total revolving commitments. These incremental revolving commitments are a part of the $375 million revolving credit facility. The revolving facility terminates January 15, 2021.

Loans outstanding under the revolving facility bear interest at either base rate or LIBOR, plus a margin. The margin for base rate revolving loans is 0.75% and the margin for LIBOR revolving loans is 1.75%.

The revolving facility is secured by a lien and security interest in the collateral that also secures the other loans and obligations under the existing credit agreement.