---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-073886"
form_type: "8-K"
ticker: "SYNA"
cik: "0000817720"
company_name: "SYNAPTICS Inc"
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:57:41.168512+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Synaptics amends credit agreement to replace LIBOR with SOFR benchmark

## Summary
- Second Amendment dated March 16, 2023 replaces USD LIBOR with Term SOFR (plus spread adjustment) in the $250M credit agreement.
- Early Opt-in Election made March 8; no objection from Required Lenders received by the deadline.
- Borrower certified no Default or Event of Default exists and representations remain true.
- Outstanding loans automatically convert to SOFR-based loans with one-month interest period upon effectiveness.
- Amendment also applies Benchmark Replacement Conforming Changes to the agreement's mechanics.

## SEC filing metadata
- accession: 0001193125-23-073886
- form_type: 8-K
- ticker: SYNA
- cik: 0000817720
- company_name: SYNAPTICS Inc
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/817720/000119312523073886/0001193125-23-073886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/817720/000119312523073886/d479581d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-073886
- JSON: https://secwatch.observer/filing/0001193125-23-073886.json
- Plain text: https://secwatch.observer/filing/0001193125-23-073886.txt

## Key facts
- Material Agreements
  SYNAPTICS Inc amended Second Amendment to the Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at Replaced LIBOR-based interest rate with SOFR-based rate including customary spread adjustment (effective 2023-03-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: Replaced LIBOR-based interest rate with SOFR-based rate including customary spread adjustment
  - Effective: 2023-03-16
  source text: On March 16, 2023, Synaptics Incorporated (the “Company”) and Wells Fargo Bank, National Association, as the administrative agent (the “Administrative Agent”), entered into a Second Amendment (the “Second Amendment”) to the Company’s Second Amended and Restated Credit Agreement (as amended, the “Credit Agreement”), dated as of March 11, 2021, among the Company, as borrower, the lenders party thereto, and the Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/817720/000119312523073886/0001193125-23-073886-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.