secwatch.observer — SEC 8-K summary
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Issuer:     LAM RESEARCH CORP (LRCX)
CIK:        0000707549
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000707549-25-000011
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lam Research upsizes revolver to $2.0B, extends maturity to 2030
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- New $2.0B unsecured revolving credit facility replaces prior $1.5B facility.
- Expansion option permits increase up to $2.75B subject to conditions.
- Facility matures January 25, 2030; no amounts drawn as of Jan 27, 2025.
- Covenant: consolidated funded debt / adjusted EBITDA ≤ 3.50x (4.00x for acquisitions).
- Interest based on credit ratings; Term SOFR + 0.70%-1.10% or base rate + 0%-0.10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707549/000070754925000011/0000707549-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707549/000070754925000011/lrcx-20250127.htm
  HTML page:      https://secwatch.observer/filing/0000707549-25-000011

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