secwatch.observer — SEC 8-K summary
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Issuer:     SILICON LABORATORIES INC. (SLAB)
CIK:        0001038074
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001104659-23-077604
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silicon Labs amends credit agreement; extends maturity to 2028, drops leverage covenant
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- Fifth Amendment extends revolving credit facility maturity to five years from June 30, 2023.
- Interest on SOFR loans set at Adjusted Term SOFR plus 1.00%-1.75% margin based on leverage.
- Secured Leverage Ratio financial maintenance covenant eliminated.
- $400M credit facility unchanged; borrower reaffirms all obligations under credit agreement.
- Truist, Citibank, Bank of America, Comerica among lenders; Wells Fargo remains administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038074/000110465923077604/0001104659-23-077604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038074/000110465923077604/tm2320321d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-077604

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