Allegro MicroSystems allocates $250M incremental term loan to refinance debt and fund merger

ALLEGRO MICROSYSTEMS, INC.

$250M incremental term loan maturing 2030; amortizes at 1% per annum.
Proceeds to refinance all existing term loans from 2020 and finance the previously announced merger of Silicon Structures LLC into Crocus Technology International Corp.
Initial margin: 2.75% over SOFR for term loans, 1.75% over base rate.
Loan expected to close concurrently with the merger, subject to definitive documentation and conditions.
No assurance that the transactions will close on the described terms or at all.

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