debt
confidence high
sentiment positive
materiality 0.65
Synaptics expands revolver to $350M, issues $400M 0.75% convertible notes due 2031
SYNAPTICS Inc
- Revolver commitments increased from $250M to $350M; maturity extended to earlier of Nov 2029 or 91 days before 2029 note maturity.
- Issued $400M 0.75% Convertible Senior Notes due 2031 on Nov 19, 2024; net proceeds used to repay term loans.
- Fourth Amendment adds Barclays, Deutsche Bank, HSBC as lenders; BMO Harris exits.
- Proceeds from revolver used for general corporate purposes and working capital.
- Borrower certified no default and reaffirmed representations and warranties.