secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK:        0000866291
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-056993
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 1.02, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866291/000095017023056993/0000950170-23-056993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866291/000095017023056993/algm-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056993

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer