secwatch.observer — SEC 8-K summary
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Issuer:     Corsair Gaming, Inc. (CRSR)
CIK:        0001743759
Form:       8-K
Filed at:   2021-09-07T23:59:59+00:00
Accession:  0001564590-21-047143
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corsair Gaming enters new $350M credit facility, repays prior debt
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- New $250M term loan and $100M revolver with Bank of America, maturing September 2026.
- Proceeds used to repay all amounts outstanding under the 2017 Prior Credit Agreement.
- Interest rate set at LIBOR plus 1.25%-2.0% or base rate plus 0.25%-1.0% based on leverage.
- Covenants include max total net leverage ratio and min interest coverage ratio; defaults could accelerate repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743759/000156459021047143/0001564590-21-047143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743759/000156459021047143/crsr-8k_20210903.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-047143

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