debt
confidence high
sentiment positive
materiality 0.65
Adeia reprices $487M term loans; margin cut to SOFR+2.50%, base+1.50%
Adeia Inc.
- Entered Amendment No. 4 repricing $487M of term loans with new Refinancing Term B Loans.
- Interest margin reduced to SOFR+2.50% and base rate+1.50%.
- Maturity unchanged at June 8, 2028; prepayment premium of 1.00% for repricing within 6 months.
- Transaction structured as cashless rollover for existing term lenders and additional new lenders.