Macom to draw on $100 million revolver to fund BinOptics acquisition

By Marisa Wong

Madison, Wis., Nov. 18 – M/A-COM Technology Solutions Holdings, Inc. (Macom) expects to borrow from its existing $100 million revolving credit facility and use cash on hand to fund its acquisition of BinOptics Corp., according to a press release.

The all-cash transaction is valued at $230 million and is expected to close by the end of Macom’s first fiscal quarter of 2015.

Macom is a Lowell, Mass.-based supplier of high performance analog RF, microwave and millimeter wave products that enable next-generation internet and modern battlefield applications. BinOptics is an Ithaca, N.Y.-based supplier of semiconductor lasers for the telecom and datacom industries.

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