MaxLinear borrows under $425 million term loan B to fund acquisition

By Tali Rackner

Minneapolis, July 25 – MaxLinear, Inc. used borrowings under its $425 million secured term B loan facility to help fund the acquisition of Exar Corp., according to an 8-K filing with the Securities and Exchange Commission.

The company also used available cash on hand and cash on hand at Exar to finance the roughly $688.1 million transaction.

MaxLinear is a Carlsbad, Calif.-based provider of integrated radio frequency and mixed-signal integrated circuits for the connected home and wired and wireless infrastructure markets. Exar is a Fremont, Calif.-based designer and developer of high performance analog mixed-signal ICs and sub-system solutions.

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