secwatch.observer — SEC 8-K summary
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Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0000772406-23-000011
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cirrus Logic amends credit agreement to replace LIBOR with Term SOFR
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000077240623000011/0000772406-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000077240623000011/crus-20230320.htm
  HTML page:      https://secwatch.observer/filing/0000772406-23-000011

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