secwatch.observer — SEC 8-K summary
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Issuer:     Gen Digital Inc. (GEN)
CIK:        0000849399
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001104659-24-069350
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Gen Digital reprices $2.44B term loan to SOFR+1.75%; adds $209M to replace non-consenting lenders
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- Refinanced $2.44B term B loans with repriced Term B-1 facility (SOFR+1.75%) and added $209M to repay non-consenting term lenders.
- New loans bear interest at base rate+0.75% or SOFR+1.75%; company can choose 1/3/6-month SOFR periods.
- Voluntary prepayment within 6 months for repricing transaction triggers 1.00% premium; thereafter no penalty.
- Other terms and obligations under the Existing Credit Agreement remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849399/000110465924069350/0001104659-24-069350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849399/000110465924069350/tm2416677d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-069350

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