MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Files An 8-K Entry into a Material Definitive Agreement

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MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Files An 8-K Entry into a Material Definitive Agreement

Item1.01.

Entry into a Material Definitive Agreement.

On May19, 2017 (the Amendment Date), MACOM Technology
Solutions Holdings, Inc. (the Company) entered into two
amendments to its credit agreement dated as of May8, 2014 (as
previously amended, restated, supplemented or modified from time
to time, the Credit Agreement), among the Company, Morgan
Stanley Senior Funding, Inc. and the other lenders party thereto
and Goldman Sachs Bank USA, as the administrative agent (in such
capacity, the Administrative Agent), collateral agent,
swing line lender and L/C issuer.

to the Second Refinancing Amendment, dated as of the Amendment
Date (the Second Refinancing Amendment), among the
Company, Morgan Stanley Senior Funding, Inc. and the other term
lenders party thereto and the Administrative Agent, the Companys
existing term B loans were refinanced in full with a new tranche
of term B loans. The new tranche of term B loans will mature
seven years from the Amendment Date and bear interest at a
reduced interest rate. The new tranche of term B loans will bear
interest at: (i)for LIBOR loans for any interest period, a rate
per annum equal to the LIBOR rate as determined by the
administrative agent, plus an applicable margin of 2.25%; and
(ii)for base rate loans, a rate per annum equal to the greater of
(a)the prime rate quoted in the print edition of the Wall Street
Journal, Money Rates Section, (b)the federal funds rate plus
one-half of 1.00% and (c)the LIBOR rate applicable to a one-month
interest period plus 1.00% (but, in each case, not less than
1.00%), plus an applicable margin of 1.25%. The new tranche of
term B loans were issued with an original issue discount of
0.50%. The Company paid a call protection premium equal to 1.00%
of the aggregate principal amount of term B loans that were
refinanced to the Second Refinancing Amendment.

to the Second Incremental Term Loan Amendment, dated as of the
Amendment Date (the Second Incremental Term Loan
Amendment
), among the Company, Morgan Stanley Senior Funding,
Inc., as the initial lender, and the Administrative Agent, the
Company incurred $100,000,000 of incremental term B loans on the
same terms as the new tranche of term B loans incurred to the
Second Refinancing Amendment. The incremental term B loans were
issued with an original issue discount of 0.50%.

The foregoing descriptions of the Second Refinancing Amendment
and the Second Incremental Term Loan Amendment do not purport to
be complete and are qualified in their entirety by reference to
the complete text of such amendments, which are filed with this
Current Report on Form 8-K as Exhibit 10.1 and
Exhibit 10.2, respectively.

Item2.03.
Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant.

The information
set forth under Item 1.01 of this Current Report on Form8-Kis
incorporated herein by reference.

Item9.01. Financial Statements and Exhibits.

(d)
Exhibits.

Exhibit

Number

Description

10.1 Second Refinancing Amendment, dated as of May19, 2017, by and
among MACOM Technology Solutions Holdings, Inc., Morgan
Stanley Senior Funding, Inc. and the other term lenders party
thereto and Goldman Sachs Bank USA, as Administrative Agent.
10.2 Second Incremental Term Loan Amendment, dated as of May19,
2017, by and among MACOM Technology Solutions Holdings, Inc.,
Morgan Stanley Senior Funding, Inc., as the initial lender,
and Goldman Sachs Bank USA, as Administrative Agent.


About MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

MACOM Technology Solutions Holdings, Inc. is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia. It also offers foundry services. It offered a portfolio of over 4,500 standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components and complete subsystems, across more than 40 product lines serving three primary markets, as of September 30, 2016. The Company’s products are RF Power Products, Optoelectronics and Photonic Solutions, among others.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Recent Trading Information

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) closed its last trading session up +0.72 at 56.18 with 992,510 shares trading hands.

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