secwatch.observer — SEC 8-K summary
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Issuer:     ANALOG DEVICES INC (ADI)
CIK:        0000006281
Form:       8-K
Filed at:   2022-09-22T23:59:59+00:00
Accession:  0001193125-22-248780
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADI receives 87.64% early tenders in Maxim Notes exchange; extends premium to expiration
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- 87.64% ($438.2M of $500M) of Maxim 3.450% Notes tendered early, achieving requisite consents to amend indenture.
- Amendments will eliminate substantially all restrictive covenants and certain events of default; become operative upon settlement.
- Early tender premium of $30 per $1,000 principal extended to all holders tendering before October 5, 2022 expiration.
- Holders receive $970 of ADI Notes plus $1 cash per $1,000 Maxim Notes, plus early tender premium.
- Settlement expected promptly after the Expiration Date (11:59 p.m. ET, October 5, 2022).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6281/000119312522248780/0001193125-22-248780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6281/000119312522248780/d400389d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-248780

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