secwatch.observer — SEC 8-K summary
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Issuer:     Corsair Gaming, Inc. (CRSR)
CIK:        0001743759
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0001564590-22-038930
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corsair Gaming amends credit agreement: lower interest coverage, higher leverage limits, increased margins
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- Third Amendment to Credit Agreement executed Nov 28, 2022; minimum Interest Coverage Ratio reduced to 2.50x for quarters ending March 31, 2023 through Dec 31, 2023.
- Maximum Total Net Leverage Ratio raised to 3.75x for Q4 2022 and Q1 2023, stepping down to 3.50x and 3.25x through Q4 2023.
- Pricing grid increased: BSBY rate margin up to 3.25% and base rate up to 2.25% during Specified Pricing Period through FY2023.
- Cash netting threshold for leverage calculations temporarily increased from $75M to $125M during Specified Period (Dec 2022-Dec 2023).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743759/000156459022038930/0001564590-22-038930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743759/000156459022038930/crsr-8k_20221128.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-038930

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