MACOM Technology Solutions entered into an amendment of its existing credit agreement dated May 8, 2014, that secured incremental term loans in an aggregate principal amount of $250 million. The incremental term loans bear an interest rate of LIBOR+3.75%.

“Access to incremental capital at favorable terms as part of this amended credit agreement provides MACOM with additional flexibility for general corporate purposes. In addition, this capital enables us to continue being opportunistic as we consider potential future acquisitions,” said John Croteau, MACOM’s president and CEO.

Goldman Sachs Bank USA acted as administrative agent and incremental term lender for the transaction.

Lowell, MA-based MACOM produces semiconductor technologies for optical, wireless and satellite networks.