Tivo Corporation and Xperi Corporation secured a senior secured first lien term loan B facility in an aggregate principal amount of $1,100 million from Bank of America and Royal Bank. As previously disclosed, Xperi Corporation and TiVo Corporation, obtained a debt commitment letter, dated December 18, 2019, with Bank of America, N.A., BofA Securities Inc. and Royal Bank of Canada, pursuant to which, and subject to the terms and conditions set forth therein, Bank of America and Royal Bank have committed to provide a senior secured first lien term loan B facility in an aggregate principal amount of $1,100 million On January 3, 2020, Xperi, TiVo, Bank of America, Royal Bank and Barclays Bank PLC (“Barclays”) entered into a supplement to the Commitment Letter to add Barclays as an additional initial lender and an additional joint lead arranger and joint book runner and to reallocate a portion of the debt commitments of Bank of America and Royal Bank under the Commitment Letter to Barclays.