Allegro MicroSystems Secures $285 Million Term Loan Maturing in 2030

Reuters01-22 05:43
Allegro MicroSystems Secures $285 Million Term Loan Maturing in 2030

Allegro MicroSystems, Inc. has entered into a Fourth Amendment to its existing Credit Agreement, establishing a new $285 million tranche of term loans maturing in 2030. The proceeds from these refinanced loans will be used to pay off all outstanding term loans from a prior amendment, cover related fees and expenses, and support general corporate purposes. The new loans, arranged with Morgan Stanley Senior Funding, Inc. as administrative and collateral agent, will bear interest at rates tied to Term SOFR or a base rate and will not require annual amortization. The loans are scheduled to mature on October 31, 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allegro Microsystems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-018091), on January 21, 2026, and is solely responsible for the information contained therein.

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