secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0000950170-24-062378
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adeia refinances $561M term loans; SOFR margin cut to 3.00%, base margin to 2.00%
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- Refinanced $561,125,000 term loans via Amendment No. 3 to credit agreement.
- SOFR loan margin reduced to 3.00% p.a.; base rate margin reduced to 2.00% p.a.
- Maturity unchanged at June 8, 2028; excess cash flow payment thresholds lowered.
- Prepayment premium of 1.00% applies for six months on repricing transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024062378/0000950170-24-062378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024062378/adea-20240520.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-062378

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