{"schema_version":"secwatch.filing_event.v1","accession":"0000866291-23-000039","form_type":"8-K","ticker":"ALGM","cik":"0000866291","company_name":"ALLEGRO MICROSYSTEMS, INC.","filed_at":"2023-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.472919+00:00","generated_at":"2026-06-13T18:40:07.171095+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Allegro MicroSystems enters $224M secured revolving credit facility maturing 2028","bullets":["New $224M secured revolving credit facility with Morgan Stanley as agent; includes $20M letter of credit subfacility.","Loans mature June 21, 2028; interest at Term SOFR plus 1.50%–1.75% or base rate plus 0.50%–0.75%.","Quarterly commitment fee 0.20%–0.25% on unused commitments; proceeds for working capital and general corporate purposes.","Total Net Leverage Ratio covenant ≤4.00x, stepping to 4.50x for four quarters after acquisitions >$500M.","Prior Mizuho credit facility terminated and all outstanding loans repaid simultaneously."],"urls":{"canonical":"https://secwatch.observer/filing/0000866291-23-000039","json":"https://secwatch.observer/filing/0000866291-23-000039.json","markdown":"https://secwatch.observer/filing/0000866291-23-000039.md","text":"https://secwatch.observer/filing/0000866291-23-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866291/000086629123000039/0000866291-23-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866291/000086629123000039/algm-20230621.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T18:40:07.171095+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c05db009693af662c1a586a4cdd90ec8226160a0","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/866291/000086629123000039/0000866291-23-000039-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$224 million secured revolving credit facility"},{"label":"Counterparty","value":"Morgan Stanley Senior Funding, Inc."},{"label":"Rate","value":"Term SOFR plus 1.50% to 1.75%"},{"label":"Maturity","value":"June 21, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"af2d25399578aa93eca9ea21345c0b2992b586ea","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866291/000086629123000039/0000866291-23-000039-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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"},{"label":"Value","value":"$224 million"},{"label":"Effective","value":"2023-06-21"}],"fact_type":"material_agreement"},{"claim_id":"ef778d80fe7cde532ada70583915f60f28fec3d5","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866291/000086629123000039/0000866291-23-000039-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Mizuho Bank, Ltd., as administrative agent and collateral agent, and the lenders from time to time party thereto"},{"label":"Effective","value":"2023-06-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}