Microsemi to launch $646 million term loan B-1 repricing on Thursday

By Sara Rosenberg

New York, March 4 - Microsemi Corp. is set to hold a call at 10 a.m. ET on Thursday to launch a repricing of its roughly $646 million covenant-light term loan B-1 due February 2020, according to a market source.

RBC Capital Markets is the lead bank on the deal.

The repricing will take the loan from Libor plus 275 basis points with a 1% Libor floor.

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

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