---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-011823"
form_type: "8-K"
ticker: "ALGM"
cik: "0000866291"
company_name: "ALLEGRO MICROSYSTEMS, INC."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T12:00:18.985219+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000950103-24-011823
- form_type: 8-K
- ticker: ALGM
- cik: 0000866291
- company_name: ALLEGRO MICROSYSTEMS, INC.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866291/000095010324011823/0000950103-24-011823-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866291/000095010324011823/dp216206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-011823
- JSON: https://secwatch.observer/filing/0000950103-24-011823.json
- Plain text: https://secwatch.observer/filing/0000950103-24-011823.txt

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