---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-056993"
form_type: "8-K"
ticker: "ALGM"
cik: "0000866291"
company_name: "ALLEGRO MICROSYSTEMS, INC."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:42:15.601739+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Allegro MicroSystems closes $420M acquisition of Crocus Technology, funds with $250M term loan

## Summary
- Completed acquisition of Crocus Technology for $420M in cash, combining TMR sensor portfolios.
- Funded via $250M senior secured term loan (SOFR+2.75%) maturing October 2030 and cash on hand.
- TMR sensing technology estimated 30% CAGR through 2030; acquisition accelerates Allegro's roadmap.
- Existing term loan facility repaid and terminated; new facility amortizes at 1% per annum.
- Deal strengthens Allegro's position in e-Mobility, Clean Energy, and Automation markets.

## SEC filing metadata
- accession: 0000950170-23-056993
- form_type: 8-K
- ticker: ALGM
- cik: 0000866291
- company_name: ALLEGRO MICROSYSTEMS, INC.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866291/000095017023056993/0000950170-23-056993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866291/000095017023056993/algm-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-056993
- JSON: https://secwatch.observer/filing/0000950170-23-056993.json
- Plain text: https://secwatch.observer/filing/0000950170-23-056993.txt

## Key facts
- M&A Transactions
  ALLEGRO MICROSYSTEMS, INC. completed an acquisition involving Crocus Technology International Corp (Crocus) (closed 2023-10-31).
  - Action: acquisition
  - Counterparty: Crocus Technology International Corp (Crocus)
  - Closing: 2023-10-31
  source text: On October 31, 2023, the Company completed its previously announced transaction with Crocus pursuant to the Agreement and Plan of Merger
  evidence_url: https://www.sec.gov/Archives/edgar/data/866291/000095017023056993/0000950170-23-056993-index.htm
- Material Agreements
  ALLEGRO MICROSYSTEMS, INC. amended Amended Credit Agreement with Allegro MicroSystems, Inc. valued at $250,000,000 new term loan facility (effective 2023-10-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Allegro MicroSystems, Inc.
  - Value: $250,000,000 new term loan facility
  - Effective: 2023-10-31
  source text: On October 31, 2023, Allegro MicroSystems, Inc. (the “ Company ”) entered into an amendment (the “ Amendment ”) to the credit agreement, dated as of June 21, 2023, by and among the Company, Morgan Stanley Senior Funding, Inc., as administrative agent (in such capacity, the “ Agent ”) and collateral agent, and each lender from time to time party thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “ Existing Credit Agreement ”; the Existing Credit Agreement, as amended by the Amendment, the “ Amended Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/866291/000095017023056993/0000950170-23-056993-index.htm
- Material Agreements
  ALLEGRO MICROSYSTEMS, INC. terminated Existing Term Facility with Allegro MicroSystems, Inc. valued at Repaid all outstanding loans and terminated commitments (effective 2023-10-31).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Allegro MicroSystems, Inc.
  - Value: Repaid all outstanding loans and terminated commitments
  - Effective: 2023-10-31
  source text: Substantially simultaneously with its entry into the Amendment No. 1 Term Facility described in Item 1.01 above, the Company repaid all outstanding loans and terminated all commitments and obligations under its Existing Term Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866291/000095017023056993/0000950170-23-056993-index.htm

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