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

Issuer:     Sandisk Corp (SNDK)
CIK:        0002023554
Form:       8-K
Filed at:   2026-09-11T20:15:07+00:00
Accession:  0001193125-26-389293
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sandisk enters $1.5B revolving credit facility due 2031, amends loan agreement
------------------------------------------------------------------------------

- New $1.5B revolving credit facility refinances prior commitments; matures Sept 9, 2031.
- Interest at SOFR +1.375% or base rate +0.375%, with step-ups based on leverage/ratings.
- Commitment fee of 0.175% on undrawn amounts; facility includes Euro/Yen borrowings.
- Amendment provides for release of collateral/guarantees upon achieving investment-grade ratings.
- Guaranteed by Sandisk Technologies and secured by assets; financial covenant caps leverage ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2023554/000119312526389293/0001193125-26-389293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2023554/000119312526389293/d138343d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-389293

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