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MACOM to Net $127.8M From Stock Offer

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2/6/2015
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LOWELL, Mass. -- M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) ("MACOM") announced today the pricing of its public offering of 7,800,000 shares of common stock at a public offering price of $30.00 per share, of which 4,500,000 shares are being offered by MACOM and an aggregate of 3,300,000 shares are being offered by John Ocampo, MACOM's Chairman of the Board and majority stockholder, and his affiliates and certain funds affiliated with Summit Partners, L.P. (collectively, the "Selling Stockholders"). The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,170,000 shares of common stock. The offering is expected to close on or about February 11, 2015, subject to customary closing conditions.

After deducting underwriting discounts and commissions and estimated offering expenses, MACOM will receive net proceeds from shares sold by it in this offering of approximately $127.8 million. MACOM intends to use the net proceeds from the shares sold by it in this offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes. MACOM will not receive any proceeds from the sale of shares of common stock by the Selling Stockholders, including the sale of the shares of common stock by the Selling Stockholders upon the exercise by the underwriters of their option to purchase additional shares.

Goldman, Sachs & Co. and BofA Merrill Lynch are acting as lead book-running managers for the offering. Morgan Stanley is acting as a book-running manager. Raymond James, Stephens Inc. and Stifel are acting as co-managers for the offering.

M/A-COM Technology Solutions Inc.

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