MaxLinear Announces USD 350M Senior Secured Term B Loan Facility.

INTERNET BUSINESS NEWS-(C)1995-2021 M2 COMMUNICATIONS

MaxLinear, Inc. (NYSE: MXL), a provider of radio frequency (RF), analog, digital, and mixed-signal integrated circuits, has announced that it has entered into a new USD 350 million seven-year senior secured term B loan facility, the proceeds of which will be used to repay and terminate MaxLinear's existing credit facilities, pay fees and expenses, and provide additional working capital for MaxLinear, the company said.

MaxLinear also entered into a new USD 100 million five-year senior secured revolving credit facility which was undrawn at the time of close.

The new credit facility expands MaxLinear's borrowing capacity, extends the term of the Company's indebtedness, and reduces amortization expenses. The revolving facility provides MaxLinear with increased strategic and operational...

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