CARLSBAD, California – (BUSINESS WIRING) – MaxLinear, Inc. (NYSE: MXL), a leading provider of radio frequency (RF), analog, digital, and mixed signal integrated circuits, today announced a new $ 350 million seven-year secured loan. a line of credit with maturity B, the proceeds from which will be used to repay and terminate existing MaxLinear lines of credit, pay fees and expenses, and provide additional working capital for MaxLinear. MaxLinear also entered into a new five-year US $ 100 million secured revolving credit facility, which was unused at the time of closure.
The new credit line expands MaxLinear’s borrowing capabilities, extends the Company’s debt and reduces amortization costs. The renewable line provides MaxLinear with increased strategic and operational flexibility to support the company’s key development initiatives.
Wells Fargo Securities, MUFG Securities Americas, BMO Capital Markets and Citizens Bank acted as joint lead arrangers and bookrunners of the deal.
About MaxLinear, Inc.
MaxLinear, Inc. (NYSE: MXL) is a leading provider of radio frequency (RF), analog and mixed signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multi-marketing applications. MaxLinear is headquartered in Carlsbad, California. For more information please visit www.maxlinear.com…
MxL and the MaxLinear logo are trademarks of MaxLinear, Inc. All other trademarks mentioned herein are the property of their respective owners.
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements indicating or suggesting a favorable strategic and financial impact of the new term loan and revolving line of credit on the future results of operations of the Company. Actual results could differ materially from the forward-looking statements set forth herein due to numerous risks and uncertainties, including risks and uncertainties arising from significant competition in our business; trends and uncertainties in our target markets, including in particular the cable and broadband markets; and factors that could adversely affect future operating costs, such as supply constraints in the semiconductor industry. For a more detailed discussion of the factors potentially affecting MaxLinear’s business, results of operations and financial condition, investors should consult the information set out under the heading “Risk Factors” in MaxLinear’s Form 10-K Annual Report for the year ended December 31, 2020 and subsequent quarterly reports on Form 10-Q, in each case filed with the Securities and Exchange Commission. All forward-looking statements are based on the estimates, projections and assumptions of MaxLinear’s management, if applicable, as of the date of this document, and MaxLinear has no obligation (and expressly disclaims any obligation) to update or revise any forward-looking statements. whether as a result of new information, future events, or otherwise.