Corporate Profile

Pulse Electronics is a leading electronic components partner that helps customers build the next great product by providing the needed technical solutions. Pulse Electronics has a long operating history of innovation in magnetics, antennas and connectors, as well as the ability to ramp quickly into high-quality, high-volume production. The company serves the wireless and wireline communications, power management, military/aerospace and automotive industries.Pulse Electronics is a participating member of the IEEE, SFF, OIF, HDBaseT Alliance, CommNexus, NFC Forum, MoCA, and IWPC.

PULSE ELECTRONICS ANNOUNCES COMPREHENSIVE DEBT REFINANCING

Reduces Annual Interest Expense by $13 million and Extends Maturities through 2019Debt, Improves Capital Structure, and Lowers Interest Costs


SAN DIEGO – May 19, 2016 – Pulse Electronics Corporation, a leading provider of electronic components, today announced that it has completed a refinancing of $80 million of its outstanding Term Loan facilities held by affiliates of investment funds managed by Oaktree Capital Management, L.P. (“Oaktree´).  In connection with the refinancing, Pulse will enter into a new, $80 million Term Loan facility with Oaktree. 

 The interest rate on the new Term Loan facility will be 5.0%, with a maturity of November 2019.  Together with Pulse´s previously announced placement of $70 million of preferred stock to repay debt, Pulse has reduced debt by $70 million and reduced annual interest expense by over $13 million.

 

“We are pleased to accomplish this debt refinancing with Oaktree, which substantially improves our capital structure, reduces our interest expense and extends the maturity horizon for the majority of our debt,´ said Pulse Chief Executive Officer Mark Twaalfhoven.  “These transactions provide Pulse with significant financial and operating flexibility to serve our customers and fuel our growth.´ 



Recent News

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Date Title
05/19/16 Pulse Electronics Announces Comprehensive Debt Refinancing
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04/21/16 Pulse announces new line of Automotive Communications components
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02/04/16 Introducing the Industrial ICM Product Family
02/04/16 Pulse introduces USB 3.1 Type C Connectors
01/19/16 Pulse Electronics Announces Debt Conversion


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Pulse Electronics Corporation
12220 World Trade Drive
San Diego, CA 92128
(858) 674-8100

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