secwatch.observer — SEC 8-K summary
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Issuer:     Corsair Gaming, Inc. (CRSR)
CIK:        0001743759
Form:       8-K/A
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001564590-22-039197
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Corsair Gaming amends credit agreement; relaxes leverage and coverage covenants, increases interest margins
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- Minimum interest coverage ratio reduced to 2.50x for Q1–Q4 2023 (from 3.00x previously).
- Maximum net leverage ratio raised to 3.75x for Q4 2022–Q1 2023, stepping to 3.25x by Q4 2023.
- Interest margins increased; BSBY rate margin now up to 3.25% (previously up to 2.25%) during Specified Pricing Period.
- Cash netting threshold for leverage compliance temporarily raised to $125M from $75M during Specified Period.
- New Specified Period Conditions apply to acquisitions and restricted payments through Dec 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743759/000156459022039197/0001564590-22-039197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743759/000156459022039197/crsr-8ka_20221128.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-039197

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