Moody's rates MaxLinear loans Ba3

Moody's Investors Service said it affirmed MaxLinear, Inc.'s Ba3 corporate family rating and assigned Ba3 ratings on the proposed revolving credit facility and term B loan facility, which will be used to refinance MaxLinear's existing senior secured term loan A and term loan B.

Moody's said it also upgraded the probability of default rating to Ba3-PD from B1-PD and revised the speculative grade liquidity rating to SGL-1 from SGL-2.

The outlook remains stable.

The ratings for the company's existing term loans will be withdrawn upon close of the refinancing.

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