MAXLINEAR, INC 8-K

What Happened
MaxLinear, Inc. announced on April 22, 2026 that it entered into Amendment No. 2 to its Credit Agreement (the "Second Amendment") with its lenders and Wells Fargo as administrative agent. The amendment (i) extends the maturity of the senior secured Revolving Facility from June 23, 2026 to March 23, 2028, (ii) provides $30 million of incremental revolving commitments, and (iii) raises the applicable margins to 2.25% for Term SOFR loans and 1.25% for base rate loans. On April 23, 2026 MaxLinear also furnished a press release with its unaudited financial results for the quarter ended March 31, 2026 (Exhibit 99.1).

Key Details

• Amendment date: April 22, 2026; original Credit Agreement dated June 23, 2021.
• Maturity extension: Revolving Facility maturity moved from June 23, 2026 to March 23, 2028.
• Incremental capacity: $30.0 million added to the Revolving Facility; facility was undrawn at closing.
• Covenants and pricing: interest margin increased to 2.25% (Term SOFR) / 1.25% (base rate); covenant requires total net leverage ≤ 3.50 to 1.00 and minimum liquidity of unrestricted cash plus available undrawn commitments ≥ $80.0 million, tested each quarter-end.
• Use of proceeds: working capital and general corporate purposes. Lenders may have ordinary-course commercial relationships with MaxLinear.

Why It Matters
The amendment extends the company’s near-term liquidity runway and adds $30 million of committed capacity while increasing borrowing costs and setting specific leverage and liquidity targets. For investors, the extension and added commitments reduce immediate refinancing pressure through mid-2028, but the higher margins and quarterly covenant tests (including a minimum $80M liquidity requirement and a ≤3.5x leverage cap) are material conditions to monitor in future quarters. The company also released its unaudited Q1 2026 results (filed April 23, 2026) — see Exhibit 99.1 for the detailed financials.