secwatch.observer — SEC 8-K summary
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Issuer:     ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK:        0000866291
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950103-24-011823
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866291/000095010324011823/0000950103-24-011823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866291/000095010324011823/dp216206_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-011823

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