---
schema_version: "secwatch.filing_event.v1"
accession: "0000772406-23-000011"
form_type: "8-K"
ticker: "CRUS"
cik: "0000772406"
company_name: "CIRRUS LOGIC, INC."
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:51:27.141933+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Cirrus Logic amends credit agreement to replace LIBOR with Term SOFR

## Summary
- First Amendment dated March 20, 2023 to $300M second amended and restated credit agreement.
- Replaces LIBOR with forward-looking Term SOFR plus a spread adjustment for interest calculations.
- Existing terms and $300M commitment unchanged; all representations and warranties reaffirmed.
- Lenders include Wells Fargo, Bank of America, Barclays, and Goldman Sachs.

## SEC filing metadata
- accession: 0000772406-23-000011
- form_type: 8-K
- ticker: CRUS
- cik: 0000772406
- company_name: CIRRUS LOGIC, INC.
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/772406/000077240623000011/0000772406-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/772406/000077240623000011/crus-20230320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000772406-23-000011
- JSON: https://secwatch.observer/filing/0000772406-23-000011.json
- Plain text: https://secwatch.observer/filing/0000772406-23-000011.txt

## Key facts
- Material Agreements
  CIRRUS LOGIC, INC. amended First Amendment with Wells Fargo Bank, National Association (as administrative agent) (effective 2023-03-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association (as administrative agent)
  - Effective: 2023-03-20
  source text: On March 20, 2023, Cirrus Logic, Inc., as borrower (the "Company"), entered into the First Amendment (the "Amendment") to its Second Amended and Restated Credit Agreement (the "Credit Agreement"), dated as of July 8, 2021, with the lending institutions party thereto and Wells Fargo Bank, National Association, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/772406/000077240623000011/0000772406-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.