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Prospect News home > News index > List of issuers M > Headlines for M/A-COM Technology Solutions Holdings, Inc. > News item |
Macom firms $688.46 million term loan B at Libor plus 225 bps
By Sara Rosenberg
New York, May 12 – Macom Technology Solutions Holdings Inc. set pricing on its $688,461,733 senior secured covenant-light term loan B due May 2024 at Libor plus 225 basis points, the low end of the Libor plus 225 bps to 250 bps talk, according to a market source.
As before, the term loan has a 0% Libor floor, an original issue discount of 99.5 and 101 soft call protection for six months.
Morgan Stanley Senior Funding Inc. is the bookrunner on the deal. Goldman Sachs is the administrative agent.
Proceeds will be used to amend and extend an existing $588,461,733 term loan B due May 2021 and upsize the facility by $100 million for general corporate purposes.
Macom is a Lowell, Mass.-based supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products.
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