secwatch.observer — SEC 8-K summary
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Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001193125-23-073886
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptics amends credit agreement to replace LIBOR with SOFR benchmark
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000119312523073886/0001193125-23-073886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000119312523073886/d479581d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-073886

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