PDF SOLUTIONS INC (PDFS): M&A transaction — 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.

item 1.01 item 2.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

PDF SOLUTIONS INC completed an acquisition involving Telit IOT Solutions Inc. for $130,000,000 (closed 2025-03-07).

Action: acquisition
Counterparty: Telit IOT Solutions Inc.
Consideration: $130,000,000
Closing: 2025-03-07

Exact text from the filing

On March 7, 2025, the Company completed the acquisition of the Business from the Seller pursuant to the Purchase Agreement for a cash purchase price of $130,000,000, subject to customary adjustments in respect of indebtedness, transaction expenses, cash and working capital of the Business, in each case, in accordance with the terms of the Purchase Agreement.

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PDF SOLUTIONS INC filing history →

Source: SEC EDGAR

accession 0001558370-25-002503

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