SYNAPTICS INCORPORATED (FRA:SJN) Files An 8-K Entry into a Material Definitive Agreement

Item1.01. Entry into a Material Definitive Agreement.

On April6, 2017, Synaptics Incorporated (the Company), entered
into a Commitment Increase Agreement and Second Amendment (the
Incremental Amendment) to the Companys existing credit agreement,
dated as of September30, 2014 (as amended or modified from time
to time, the Credit Agreement) by and among the Company, the
lenders named therein and Wells Fargo Bank, National Association,
as administrative agent for the lenders.

to the Incremental Amendment, the Company increased the maximum
permitted principal amount of incremental loan commitments to
$200,000,000, and utilized such increased amount to obtain
additional revolving commitments under the Credit Agreement from
each of its existing lenders in the aggregate principal amount of
$200,000,000, such that after giving effect to the Incremental
Amendment, the aggregate amount of the revolving commitments
under the Credit Agreement became $450,000,000.

In addition, the Incremental Amendment also (a)increased the
maximum permitted Consolidated Total Leverage Ratio (as defined
in the Credit Agreement) to 2.50:1.00, with a further increase to
3.00:1.00 for the first four fiscal quarters ending after any
acquisition having an aggregate consideration exceeding
$150,000,000 (and stepping down to 2.75:1.00 thereafter), (b)
modified the negative covenants to permit up to $50,000,000 per
fiscal quarter of accounts receivable financings, and (c)set the
Specified Leverage Ratio (as defined in the Credit Agreement),
which is the ratio used in determining, among other things,
whether the Company is permitted to make dividends and/or prepay
certain indebtedness, at a fixed ratio of 2.25:1.00 (rather than
a floating amount equal to the greater of (i) 2.00:1.00, and (ii)
0.25 below the then applicable financial covenant requirement).

Item9.01. Financial Statements and Exhibits

(d) Exhibits

SYNAPTICS INCORPORATED (FRA:SJN) Recent Trading Information

SYNAPTICS INCORPORATED (FRA:SJN) closed its last trading session up +0.98 at 46.18 with 4 shares trading hands.