Macom secures $250M in Incremental Term Loans
RF, microwave and photonics company Macom has entered into an amendment of its existing credit agreement dated May 8, 2014, in which the company secured incremental term loans in an aggregate principal amount of $250 million.
The incremental term loans bear an interest rate of LIBOR plus 3.75 percent.
Commenting on the credit agreement, John Croteau, Macom's president and CEO, stated: "Access to incremental capital at favourable terms as part of this amended credit agreement provides Macom with additional flexibility for general corporate purposes. In addition, this capital enables us to continue being opportunistic as we consider potential future acquisitions."
Goldman Sachs Bank USA acted as Administrative Agent. Additional details about the amended credit agreement can be found in the Current Report on Form 8-K filed by the company with the US Securities and Exchange Commission at www.sec.gov.
