Microsemi to launch $726 million term loan repricing on Wednesday

By Sara Rosenberg

New York, Jan. 29 - Microsemi Corp. set a lender call for 11 a.m. ET on Wednesday to launch a repricing of its existing $726 million term loan, according to a market source.

Current pricing on the loans is Libor plus 300 basis points with a 1% Libor floor.

Morgan Stanley Senior Funding Inc. is the lead arranger on the deal.

Microsemi is an Aliso Viejo, Calif.-based provider of semiconductor services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.