secwatch.observer — SEC 8-K summary
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Issuer:     ILLUMINA, INC. (ILMN)
CIK:        0001110803
Form:       8-K
Filed at:   2023-01-04T23:59:59+00:00
Accession:  0001193125-23-001536
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Illumina enters $750M senior unsecured revolving credit facility, replaces prior agreement
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- New 5-year credit facility with Bank of America as administrative agent; matures Jan 4, 2028, with two optional 1-year extensions.
- Interest rate based on Term SOFR or alternate base rate plus spread tied to debt ratings; initial pricing at Level III (1.125% SOFR spread).
- Proceeds for working capital and general corporate purposes; no borrowings outstanding at signing.
- Includes option to increase commitments by up to $250M subject to lender consent.
- Replaces and terminates previous $750M credit agreement dated March 8, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110803/000119312523001536/0001193125-23-001536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110803/000119312523001536/d443370d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-001536

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