Replies to post #33392 on Savvy Trades and Investments

[2morrowsGains]

SYNA...Back in the $50's after hitting the $47's this week...Hope it holds. Been almost 2 months with no news. Never seen Synaptics go that long w/o news. Something's cooking, hopefully an acquisition or a buyout.

[2morrowsGains]

SYNA...Samsung will unveil its Galaxy S8 tomorrow. Might be an interesting day for SYNA, but you never know. I am holding a pretty good position.
Synaptics is STILL being VERY quiet!!! NEVER seen them go this long w/o a release.

[2morrowsGains]

SYNA...Acquisition in the works???...8k filed...On April 6, 2017, Synaptics Incorporated (the "Company"), entered into a Commitment Increase Agreement and Second Amendment (the "Incremental Amendment") to the Company's existing credit agreement, dated as of September 30, 2014 (as amended or modified from time to time, the "Credit Agreement") by and among the Company, the lenders named therein and Wells Fargo Bank, National Association, as administrative agent for the lenders.

Pursuant to the Incremental Amendment, the Company increased the maximum permitted principal amount of incremental loan commitments to $200,000,000, and utilized such increased amount to obtain additional revolving commitments under the Credit Agreement from each of its existing lenders in the aggregate principal amount of $200,000,000, such that after giving effect to the Incremental Amendment, the aggregate amount of the revolving commitments under the Credit Agreement became $450,000,000.

In addition, the Incremental Amendment also (a) increased the maximum permitted Consolidated Total Leverage Ratio (as defined in the Credit Agreement) to 2.50:1.00, with a further increase to 3.00:1.00 for the first four fiscal quarters ending after any acquisition having an aggregate consideration exceeding $150,000,000 (and stepping down to 2.75:1.00 thereafter), (b) modified the negative covenants to permit up to $50,000,000 per fiscal quarter of accounts receivable financings, and (c) set the "Specified Leverage Ratio" (as defined in the Credit Agreement), which is the ratio used in determining, among other things, whether the Company is permitted to make dividends and/or prepay certain indebtedness, at a fixed ratio of 2.25:1.00 (rather than a floating amount equal to the greater of (i) 2.00:1.00, and (ii) 0.25 below the then applicable financial covenant requirement).
https://biz.yahoo.com/e/170406/syna8-k.html