MACOM Technology Solutions Holdings Inc of Lowell, MA, USA (which makes semiconductors, components and subassemblies for analog RF, microwave, millimeter-wave and photonic applications) has entered into an amendment of its existing credit agreement dated 8 May 2014, in which the firm secured incremental term loans (bearing an interest rate of LIBOR plus 3.75%) in an aggregate principal amount of $250m.
"Access to incremental capital at favorable terms as part of this amended credit agreement provides MACOM with additional flexibility for general corporate purposes," comments president & CEO John Croteau. "In addition, this capital enables us to continue being opportunistic as we consider potential future acquisitions."
Goldman Sachs Bank USA acted as administrative agent.
