Synaptics to repay revolver borrowings with notes proceeds

By Sara Rosenberg

New York, March 8 – Synaptics Inc. plans to repay the $100 million of borrowings under its revolving credit facility using proceeds from a $400 million senior notes offering, according to a news release.

Remaining proceeds from the notes will be used for general corporate purposes.

Synaptics is a San Jose, Calif.-based developer and supplier of custom-designed human interface semiconductor product solutions that enable people to interact more easily and intuitively with mobile computing, communications, entertainment, and other electronic devices.

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