Pulse Electronics Corporation, a leading provider of electronic components, today announced that it has completed a conversion of $68.6 million of its outstanding Term A Loan held primarily by affiliates of investment funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to shares of a newly issued Series C preferred stock. The debt had been held by Oaktree as result of the refinancing announced by Pulse in November 2012. Oaktree also holds all of Pulse’s common stock since taking the company private in April 2015.

As a result of the conversion, Pulse´s outstanding Term A and Term B Loan principal will be reduced to $27.1 million and its annualized interest expense will decline to $2.5 million/year.

“2016 was a strong year of progress for Pulse in which we significantly enhanced our cost structure, resulting in significantly improved profits and enabling us to expand into new products and markets. This debt conversion will continue to strengthen our balance sheet, further reduce our interest expense and provide Pulse with additional financial and operating flexibility to serve our customers and extend our growth in 2017,” said Pulse Chief Executive Officer Mark Twaalfhoven.

About Pulse Electronics

Pulse Electronics is a leading provider of electronic components that help customers build great products by providing the needed technical solutions. Pulse Electronics, including the Larsen brand of antennas, has a long operating history of innovation in antennas, magnetics 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. Visit the Pulse Electronics website at www.pulseelectronics.com.