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Macom Technology Solutions launches $175 million add-on term loan
By Sara Rosenberg
New York, Aug. 8 – M/A-COM Technology Solutions Holdings Inc. (Macom) launched on its call on Monday a $175 million add-on term loan due May 8, 2021 that is talked at Libor plus 375 basis points with a 0.75% Libor floor and an original issue discount that is a slight premium to 99 to maintain fungibility, according to a market source.
Goldman Sachs Bank USA, Bank of America Merrill Lynch, Morgan Stanley Senior Funding Inc. and Citizens Bank are the leads on the transaction.
Proceeds will be used to add cash to the balance sheet.
Commitments are due on Aug. 17, the source added.
Macom is a Lowell, Mass.-based supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products.
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