MACOM Technology Solutions Holdings, Inc. Files 8-K Report

TL;DR

MACOM filed an 8-K on 12/13 for events on 12/12. No major news in this snippet.

AI Summary

On December 12, 2024, MACOM Technology Solutions Holdings, Inc. filed an 8-K report. The filing primarily concerns other events and financial statements/exhibits, with no specific material events detailed in the provided text. The report was filed on December 13, 2024.

Why It Matters

This 8-K filing indicates that MACOM Technology Solutions Holdings, Inc. has submitted a current report to the SEC, which may contain important updates or disclosures for investors.

Risk Assessment

Risk Level: low — The provided text is a standard 8-K filing notification and does not contain specific material events or financial data that would indicate a change in risk.

Key Players & Entities

• MACOM Technology Solutions Holdings, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 001-35451 (identifier) — Commission File Number
• 27-0306875 (identifier) — I.R.S. Employer Identification No.
• 100 Chelmsford Street Lowell, Massachusetts 01851 (address) — Principal executive offices
• December 12, 2024 (date) — Date of earliest event reported
• December 13, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share MTSI Nasdaq Global Select Mar
• $288.8 million — the Company will exchange approximately $288.8 million in aggregate principal amount of the Ex
• $257.7 million — ing Convertible Notes for approximately $257.7 million in aggregate principal amount of new 0.
• $86.6 million — e Company will also issue approximately $86.6 million in aggregate principal amount of New Co
• $161.2 million — sing of the Transactions, approximately $161.2 million in aggregate principal amount of Existi
• $1,000 — te of 5.7463 shares of Common Stock per $1,000 principal amount of New Convertible Not
• $174.03 — itial conversion price of approximately $174.03 per share of Common Stock), representin
• $136.49 — reported sale price of Common Stock of $136.49 per share on December 12, 2024. Before
• $86.6 m — the Subscription will be approximately $86.6 million, excluding offering fees and tran

Filing Documents

• mtsi-20241212.htm (8-K) — 41KB
• exhibit101formofexchangean.htm (EX-10.1) — 169KB
• exhibit991pressreleaseanno.htm (EX-99.1) — 14KB
• image_0.jpg (GRAPHIC) — 837KB
• image_01.jpg (GRAPHIC) — 0KB
• image_1.jpg (GRAPHIC) — 622KB
• image_11.jpg (GRAPHIC) — 30KB
• image_2.jpg (GRAPHIC) — 261KB
• image_3.jpg (GRAPHIC) — 215KB
• 0001493594-24-000063.txt ( ) — 3080KB
• mtsi-20241212.xsd (EX-101.SCH) — 2KB
• mtsi-20241212_lab.xml (EX-101.LAB) — 21KB
• mtsi-20241212_pre.xml (EX-101.PRE) — 12KB
• mtsi-20241212_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. Convertible Notes Exchange and Subscription On December 12, 2024, MACOM Technology Solutions Holdings, Inc. (the "Company") entered into separate, privately negotiated exchange and subscription agreements (the "Exchange and Subscription Agreements") with a limited number of holders of its 0.250% convertible senior notes due 2026 (the "Existing Convertible Notes"), in each case pursuant to exemptions from registration under the Securities Act of 1933, as amended (the "Securities Act"). Pursuant to the Exchange and Subscription Agreements, the Company will exchange approximately $288.8 million in aggregate principal amount of the Existing Convertible Notes for approximately $257.7 million in aggregate principal amount of new 0.000% convertible senior notes due 2029 (the "New Convertible Notes") and approximately 1.6 million newly-issued shares of the Company's common stock, par value $0.001 per share ("Common Stock" and, such exchanges, collectively, the "Exchange"). The Company will also issue approximately $86.6 million in aggregate principal amount of New Convertible Notes in a private placement to certain investors (the "Subscription" and, together with the Exchange, the "Transactions"). The Transactions are expected to close concurrently on or about December 19, 2024, subject to customary closing conditions. The issuance of the New Convertible Notes will occur pursuant to an indenture related to the New Convertible Notes, to be dated on or around December 19, 2024, between the Company and U.S. Bank National Association, as trustee. In connection with the Transactions, the Company expects to recognize a loss on the extinguishment of debt related to the cancellation of the Existing Convertible Notes upon exchange. Following the closing of the Transactions, approximately $161.2 million in aggregate principal amount of Existing Convertible Notes will remain outstanding with terms unchanged. The New Convertible Notes will be senior uns

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Form of Exchange and Subscription Agreement, dated as of December 12, 2024, among MACOM Technology Solutions Holdings, Inc. and each investor party thereto. 99.1 Press Release announcing the Exchange and Subscription Agreements, dated December 13, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. Dated: December 13, 2024 By: /s/ John F. Kober John F. Kober Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR