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Ixia Announces Four-Year $150 Million Revolving Credit Facility



  Ixia Announces Four-Year $150 Million Revolving Credit Facility

Business Wire

CALABASAS, Calif. -- December 24, 2012

Ixia (Nasdaq: XXIA), a provider of test and monitoring solutions that optimize
networks and data centers to accelerate and secure application delivery,
announced today that it has secured a four-year, $150 million Senior Secured
Revolving Credit Facility.

“Ixia’s strong execution and enhanced business model allow us to put this
revolving line of credit in place under very favorable terms,” said Vic
Alston, Ixia’s president and chief executive officer.

The credit facility includes an accordion option, which allows the company to
increase the size of the facility by up to $50 million under certain
circumstances, extending its total line of credit borrowing capability to $200
million.

Bank of America Merrill Lynch served as Sole Lead Arranger and Sole Book
Runner, and Bank of America, N.A. acted as the Administrative Agent. Other
participating banks included U.S. Bank National Association, Silicon Valley
Bank, HSBC Bank USA, National Association, Barclays Bank PLC, Stifel Bank &
Trust, and Deutsche Bank Trust Company Americas.

About Ixia

Ixia solutions deliver actionable insight through real-time monitoring,
real-world testing, and rapid assessment. This end-to-end visibility provides
organizations with a complete understanding into user behavior, security
vulnerabilities, network capacity, application performance, and IT resiliency.
From the lab to the network to the cloud, Ixia solutions enable its customers
to optimize networks and data centers to accelerate, secure, and scale
application delivery. For more information, visit www.ixiacom.com.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this press release are forward-looking statements,
including, without limitation, statements regarding growth, profitability,
financial performance and future business. In some cases, such forward-looking
statements can be identified by terms such as may, will, should, expect, plan,
believe, estimate, predict or the like. Such statements reflect our current
intent, belief and expectations and are subject to risks and uncertainties
that could cause our actual results to differ materially from those expressed
or implied in the forward-looking statements. Factors that may cause future
results to differ materially from our current expectations include the risk
that the size of the credit facility will not be increased, the risk that the
anticipated benefits and synergies of our recent acquisitions of Anue Systems,
Inc. and BreakingPoint Systems, Inc. will not be realized, changes in the
global economy, competition, consistency of orders from significant customers,
our success in developing and producing new products, market acceptance of our
products, war, terrorism, political unrest, natural disasters and other
circumstances that could, among other consequences, adversely affect our
pursuit of business opportunities, reduce the demand for our products, disrupt
our supply chain and/or impact the delivery of our products. Such factors also
include those identified in our Annual Report on Form 10-K for the year ended
December 31, 2011, and in our other filings with the U.S. Securities and
Exchange Commission. We undertake no obligation to update any forward-looking
statements, whether as a result of new information, future events or
otherwise.

Contact:

The Blueshirt Group
Investor Relations
Maria Riley, 415-217-7722
or
Ixia
Tom Miller, 818-444-2325
Chief Financial Officer
tmiller@ixiacom.com
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