Mentor Graphics Announces $140 Million Senior Unsecured Credit Facility
WILSONVILLE, Ore., May 2, 2008 – Mentor Graphics Corporation (NASDAQ: MENT) today announced that it has amended its senior unsecured credit facility to extend the term for an additional two years and to provide an accordion feature to allow Mentor to increase its borrowing capacity. There were no changes in fees or covenants. Upon finalization of the amendment, Mentor increased the credit facility from $120 million to $140 million and retains the option to increase an additional $10 million in the future. Bank of America Securities LLC served as co-lead arranger and sole book runner. KeyBank National Association served as co-lead arranger and documentation agent. U.S. Bank National Association and HSBC Bank USA NA are also members of the bank group. The term of the facility expires June 1, 2011.
About Mentor Graphics
Mentor Graphics Corporation (NASDAQ: MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world’s most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of over $875 million and employs approximately 4,350 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.
(Mentor Graphics is a registered trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.)
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