MaxLinear readies launch of $355 million term loan for Wednesday

By Sara Rosenberg

New York, Jan. 2 – MaxLinear Inc. will hold a lender call on Wednesday to launch a $355 million term loan due May 2024, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Price talk on the term loan is Libor plus 225 basis points with a 0.75% Libor floor and an original issue discount of 99.875 to par, the source said.

The term loan has 101 soft call protection for six months.

Proceeds will be used to reprice an existing term loan down from Libor plus 250 bps with a 0.75% Libor floor.

Commitments are due on Jan. 9, the source added.

MaxLinear is a Carlsbad, Calif.-based provider of integrated radio frequency and mixed-signal integrated circuits for the connected home and wired and wireless infrastructure markets.

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