Xperi enters $55M receivables securitization facility with PNC Bank

Xperi Inc.

Maximum borrowing capacity of $55M based on eligible trade receivables.
Facility structured through newly-formed SPV subsidiary Xperi SPV LLC.
Agreement dated Feb 21, 2025; terminates Feb 21, 2028, unless earlier.
Interest based on Term SOFR or Daily 1M SOFR; customary fees and covenants.
Obligations of Xperi SPV are non-recourse to Xperi, but Xperi guarantees performance.

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