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AI brief of an SEC Form 8-K · Adeia (ADEA)

Adeia refinances $561 million term loans at lower interest rate margin

Neutral Impact 3 of 5 financing Written later

Adeia entered into Amendment No. 3 to its credit agreement on May 20, 2024, repricing its entire term loan balance through new Refinancing Term B Loans of $561,125,000. The loans carry a lower interest rate margin, a reduced excess cash flow mandatory payment threshold and mature on June 8, 2028, the same date as the prior term loans.

Key points

  • New Refinancing Term B Loans total $561,125,000, repricing the entire term loan amount
  • SOFR loan margin reduced to 3.00% per annum; base rate loan margin reduced to 2.00% per annum
  • A 1.00% prepayment premium applies to repricing transactions within six months of the amendment closing date
  • Loans mature June 8, 2028, unchanged from the existing term loans

The filing

CompanyAdeia (ADEA)
Form8-K, current report
Filed with the SECMay 20, 2024, 4:05 PM ET
Accession number0000950170-24-062378

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 20, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.