ALLEGRO MICROSYSTEMS, INC. 8-K

What Happened
Allegro MicroSystems, Inc. announced on an 8-K filed January 16, 2026 that it completed the allocation on January 15, 2026 of a $285 million U.S. dollar‑denominated first‑lien term facility (the “Refinancing and Repricing Facility”) maturing in October 2030. The company intends to use the proceeds at closing to refinance in full its existing term loans. The filing states the transactions are subject to customary conditions and are expected to close in January 2026, but completion is not guaranteed.

Key Details

• Amount: $285 million U.S. dollar‑denominated first‑lien term facility.
• Maturity: October 2030.
• Expected interest margin: 1.75% for loans tied to the secured overnight financing rate (SOFR); 0.75% for loans bearing interest at the base rate.
• Timing and conditions: Allocation completed Jan 15, 2026; expected to close in January 2026 and subject to customary closing conditions; no assurance the transaction will be completed.

Why It Matters
If completed, the facility will refinance Allegro’s existing term loans, replacing current debt with a new first‑lien term facility that has specified maturity and interest margins disclosed in the filing. For investors, the filing provides concrete terms (size, maturity, and expected margins) and timing, while noting the outcome remains subject to closing conditions.