Allegro MicroSystems enters $400M term loan facility, repurchases 10M shares from Sanken

ALLEGRO MICROSYSTEMS, INC.

$400M term loan tranche maturing 2030, amortizing at 1% per annum, bearing interest at Term SOFR+2.25% or base rate+1.25%.
Proceeds used to repurchase 10,017,315 shares from Sanken Electric, refinance existing term loans, and for general corporate purposes.
Repurchase of remaining shares from Sanken completed on August 7, 2024; shares retired.

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