secwatch.observer — SEC 8-K summary
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Issuer:     SKYWORKS SOLUTIONS, INC. (SWKS)
CIK:        0000004127
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0000004127-23-000012
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skyworks amends credit agreements to replace LIBOR with SOFR as benchmark rate
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- Entered First Amendment to Term Credit Agreement (May 21, 2021) to replace LIBOR with SOFR-based interest rate plus spread adjustment.
- Entered First Amendment to Revolving Credit Agreement to similarly replace LIBOR with SOFR-based rate.
- Effective March 6, 2023; Term SOFR switch effective date is earlier of June 30, 2023 or Benchmark Replacement Date.
- No changes to commitment amounts, maturity, or financial covenants disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4127/000000412723000012/0000004127-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4127/000000412723000012/swks-20230306.htm
  HTML page:      https://secwatch.observer/filing/0000004127-23-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer