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

Issuer:     ANALOG DEVICES INC (ADI)
CIK:        0000006281
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001193125-25-079081
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Analog Devices enters new $3.0B revolver, doubles prior facility size to April 2030
--------------------------------------------------------------------------------

- New $3.0 billion 5-year revolving credit facility, maturing April 11, 2030; currently undrawn.
- Replaces prior $1.5B facility from June 2021; adds multicurrency borrowing capacity.
- Interest on Term SOFR loans at 0.46%-0.90% margin plus 0.10% SOFR adjustment, based on debt ratings.
- Financial covenant: consolidated EBITDA to interest expense ratio must be at least 3.00x.
- Facility fee of 0.040%-0.100% per annum on total commitments, tied to debt ratings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6281/000119312525079081/0001193125-25-079081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6281/000119312525079081/d920343d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-079081

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