secwatch.observer — SEC 8-K summary
======================================

Issuer:     ANALOG DEVICES INC (ADI)
CIK:        0000006281
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0001193125-22-241057
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADI launches exchange offer for up to $500M of Maxim 3.45% notes due 2027
-------------------------------------------------------------------------

- Holders get $970 of ADI 3.450% notes + $1 cash per $1K Maxim notes tendered; early tender adds $30 of ADI notes.
- Consent solicitation seeks to eliminate substantially all restrictive covenants and change-of-control repurchase obligations in the Maxim indenture.
- Exchange offer expires Oct 5, 2022; early tender deadline is Sept 21, 2022; settlement expected Oct 7, 2022.
- New ADI notes have same interest rate, maturity, and payment dates as the Maxim notes; offered in private transaction to QIBs and non-U.S. persons.
- Any untendered Maxim notes after consents become governed by amended indenture with stripped covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6281/000119312522241057/0001193125-22-241057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6281/000119312522241057/d359231d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-241057

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