ALLEGRO MICROSYSTEMS, INC. (ALGM): debt financing — Allegro MicroSystems enters into $375M term loan facility maturing 2030

ALLEGRO MICROSYSTEMS, INC.

Third Amendment to Credit Agreement provides $375M Refinanced Loans maturing October 31, 2030.
Proceeds used to refinance existing Term Loans, pay fees, and for general corporate purposes.
Loans bear interest at Term SOFR plus 2.00% or base rate plus 1.00%, with 0% annual amortization.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ALLEGRO MICROSYSTEMS, INC. incurred term loan of $375 million with Morgan Stanley Senior Funding, Inc. at Term SOFR plus 2.00% maturing October 31, 2030.

Instrument: term loan
Principal: $375 million
Counterparty: Morgan Stanley Senior Funding, Inc.
Rate: Term SOFR plus 2.00%
Maturity: October 31, 2030
Event: incurrence

Exact text from the filing

The Third Amendment provides for a new $375 million tranche of term loans maturing in 2030 (the “Refinanced Loans”), the proceeds of which will be used, in relevant part, to (i) refinance all outstanding Existing Amendment No. 2 Term Loans, (ii) pay fees and expenses in connection with the foregoing and (iii) for general corporate purposes.

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Source: SEC EDGAR

accession 0000950170-25-015395

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