MACOM issues $344.3M 0% convertible notes due 2029; exchanges $257.7M of existing notes

MACOM Technology Solutions Holdings, Inc.

Issued $344.3M aggregate principal of 0.000% convertible senior notes due December 2029.
Exchanged ~$257.7M of existing 0.250% convertible notes due 2026 for new notes and ~1.58M shares of common stock.
Raised ~$55.5M in new private placement; net cash proceeds of ~$49.9M for general corporate purposes.
Initial conversion price ~$174.03 per share, a 27.5% premium over $136.49 closing on Dec. 12, 2024.
Notes settle in cash up to principal; excess may be settled in cash or stock at company's election.

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