MaxLinear, a provider of radio frequency, analog, digital and mixed-signal integrated circuits, entered into a new $350 million, seven-year senior secured term B loan facility. MaxLinear will use the proceeds to repay and terminate its existing credit facilities, pay fees and expenses and provide additional working capital. MaxLinear also entered into a new $100 million, five-year senior secured revolving credit facility, which was undrawn at the time of close.
The new credit facility expands MaxLinear’s borrowing capacity, extends the term of the company’s indebtedness and reduces amortization expenses. The revolving facility provides MaxLinear with increased strategic and operational flexibility to support the company’s growth initiatives.
Wells Fargo Securities, MUFG Securities Americas, BMO Capital Markets and Citizens Bank acted as joint lead arrangers and bookrunners for the transaction.
