Macom Technology to launch $590 million term loan on Tuesday

By Sara Rosenberg

New York, Feb. 27 – Macom Technology Solutions Inc. is set to hold a lender call at 1 p.m. ET on Tuesday to launch a $590 million first-lien term loan due May 2021, according to a market source.

Goldman Sachs Bank USA, Bank of America Merrill Lynch, Morgan Stanley Senior Funding Inc. and Citizens Bank are the leads on the transaction.

The term loan is talked at Libor plus 300 basis points with a 0.75% Libor floor and a par issue price, the source said.

Included in the term loan is 101 soft call protection for six months.

Proceeds will be used to reprice an existing term loan from Libor plus 375 bps with a 0.75% Libor floor.

Macom is a Lowell, Mass.-based supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products.

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