PDF Solutions closes $130M secureWISE acquisition, funded by new $70M credit facility

PDF SOLUTIONS INC

Acquired secureWISE LLC from Telit IOT Solutions for $130M cash, subject to customary adjustments.
Financed with cash on hand and borrowings under a new $70M credit facility with Wells Fargo.
Credit facility includes $45M revolver and $25M term loan; SOFR-based margins range 2.00%-2.75%.
Covenants require max total net leverage ratio of 3.00x and min fixed charge coverage of 1.25x.
Previous 8-K (Feb 19, 2025) disclosed the Purchase Agreement; transaction closed on March 7, 2025.

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