MaxLinear entered into a new $350 million, seven-year senior secured term B loan facility and a new $100 million, five-year senior secured revolving credit facility. Wells Fargo Securities, MUFG Securities Americas, BMO Capital Markets and Citizens Bank acted as joint lead arrangers and bookrunners.
Hercules Capital Funding Trust 2019-1, an indirect subsidiary of Hercules Capital, issued $250 million in class A notes rated A(sf) by KBRA, backed by approximately $357.2 million of senior secured loans.
Eileen Garvey joined MUFG as an independent non-executive director on the MUFG Securities Americas board. Garvey is the firm’s third independent non-executive director and the second woman to join its board.