Morgan Stanley Senior Funding acted as administrative agent for an increase revolving joinder to Microsemi’s credit agreement, which increased the company’s revolving credit facility to $375 million.
Mercury Systems completed its acquisition of the embedded security, RF and microwave and custom microelectronics businesses from Microsemi Corporation. Bank of America agented a new $200 million term loan A facility and a $100 million revolver to support the transaction.
Mercury Systems has agreed to acquire the embedded security, RF and microwave, and custom microelectronics businesses of Microsemi. A Bank of America-led lender group will provide $340 million in financing to support the transaction.
Microsemi and PMC-Sierra announced an agreement under which the former will acquire the latter in a $2.5 billion deal. Morgan Stanley Senior Funding, Bank of Tokyo-Mitsubishi and Deutsche Bank have committed to provide the financing.