Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ALLEGRO MICROSYSTEMS, INC. incurred revolving credit of $224 million secured revolving credit facility with Morgan Stanley Senior Funding, Inc. at Term SOFR plus 1.50% to 1.75% maturing June 21, 2028.
- Instrument
- revolving credit
- Principal
- $224 million secured revolving credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc.
- Rate
- Term SOFR plus 1.50% to 1.75%
- Maturity
- June 21, 2028
- Event
- incurrence
Exact text from the filing
The Revolving Credit Agreement provides for a $224 million secured revolving credit facility (the “Revolving Credit Facility”), which includes a $20 million letter of credit subfacility.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ALLEGRO MICROSYSTEMS, INC. entered into Revolving Credit Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent, collateral agent, a letter of credit issuer and a lender, and the other agents, lenders and letter of credit issuers parties thereto valued at $224 million (effective 2023-06-21).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc., as administrative agent, collateral agent, a letter of credit issuer and a lender, and the other agents, lenders and letter of credit issuers parties thereto
- Value
- $224 million
- Effective
- 2023-06-21
Exact text from the filing
On June 21, 2023, Allegro MicroSystems, Inc. (the “Company”) entered into a revolving facility credit agreement (the “Revolving Credit Agreement”) with Morgan Stanley Senior Funding, Inc., as administrative agent (in such capacity, the “Agent”), collateral agent, a letter of credit issuer and a lender, and the other agents, lenders and letter of credit issuers parties thereto (the “Lenders”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ALLEGRO MICROSYSTEMS, INC. terminated a credit facility with Mizuho Bank, Ltd., as administrative agent and collateral agent, and the lenders from time to time party thereto (effective 2023-06-21).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Mizuho Bank, Ltd., as administrative agent and collateral agent, and the lenders from time to time party thereto
- Effective
- 2023-06-21
Exact text from the filing
Substantially simultaneously with its entry into the Revolving Credit Agreement, the Company repaid any outstanding loans and terminated all commitments and obligations under its existing revolving facility credit agreement, dated as of September 30, 2020, by and between the Company, Mizuho Bank, Ltd., as administrative agent and collateral agent, and the lenders from time to time party thereto.
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