AES Semigas

IQE

8 April 2021

Purchaser of MACOM notes executes option for extra $50m

MACOM Technology Solutions Inc of Lowell, MA, USA (which makes semiconductors, components and subassemblies for analog RF, microwave, millimeter-wave and photonic applications) says that the initial purchaser in its offering of $400m convertible senior notes (announced on 22 March) has exercised its option to purchase an additional $50m of the notes.

The ‘Greenshoe’ clause provided the initial purchaser the option to purchase up to $60m additional notes under the same terms. No additional notes will be issued, resulting in a total of $450m convertible senior notes being issued.

MACOM intends to use the incremental net proceeds for further repayment of outstanding term loans.

See related items:

MACOM prices offering $400m of convertible senior notes

Tags: M/A-COM

Visit: www.macom.com

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