Cirrus Logic to buy Lion Semiconductor for $335M cash; secures $300M credit line

CIRRUS LOGIC, INC.

Cirrus Logic to acquire Lion Semiconductor for $335M cash; close in fiscal Q2 2021.
Merger consideration subject to adjustments for cash, debt, net working capital, and holdback.
New $300M senior secured revolver with Wells Fargo replaces existing credit; matures July 2026.
Credit facility pricing: LIBOR + 1.00%-1.75% based on leverage; commitment fee 0.175%-0.275%.
Merger requires Lion stockholder approval; termination date August 19, 2021.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.