secwatch.observer — SEC 8-K summary
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Issuer:     COHU INC (COHU)
CIK:        0000021535
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001437749-23-018206
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohu amends credit agreement to replace LIBOR with Term SOFR as interest rate benchmark
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- Amendment replaces LIBOR with Term SOFR plus a spread adjustment for all purposes under the $350M credit facility.
- Effective June 16, 2023; existing Eurodollar loans convert to SOFR loans by June 30, 2023.
- No change to total commitment amount, covenants, or maturity; purely a benchmark transition.
- Borrower paid customary fees and expenses; Required Lenders did not object within 5 business days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21535/000143774923018206/0001437749-23-018206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21535/000143774923018206/cohu20230622_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-018206

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