debt
confidence medium
sentiment positive
materiality 0.55
Synaptics to boost revolver to $350M, extend maturity to 5 years
SYNAPTICS Inc
- Plans to amend credit agreement: revolving facility from $250M to $350M.
- Maturity extended to earlier of 5th anniversary or 91 days before 4% 2029 notes due.
- Existing $600M term loan unchanged; proceeds for general corporate and working capital.
- Terms not yet finalized and subject to change based on market conditions.