Adeia refinances term loans at $487.1 million with lower 2.50% SOFR margin
Adeia Inc. entered into Amendment No. 4 to its credit agreement on January 30, 2025, refinancing its existing term loans with new Refinancing Term B Loans of $487,082,812.50. The amendment lowers the interest rate margin on these loans to 2.50% per annum for SOFR loans and 1.50% for base rate loans, and the loans mature on June 8, 2028.
- New Refinancing Term B Loans totaling $487,082,812.50 reprice the entire term loan amount.
- SOFR loan margin reduced to 2.50% per annum; base rate loan margin reduced to 1.50% per annum.
- A 1.00% prepayment premium applies to any repricing of the new loans within six months of the amendment closing date.
- Loans mature June 8, 2028, the same maturity date as the prior term loans.