Adeia Inc. Files 8-K on Material Agreement
Ticker: ADEA · Form: 8-K · Filed: Jan 30, 2025 · CIK: 1803696
| Field | Detail |
|---|---|
| Company | Adeia Inc. (ADEA) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $487,082,812 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Adeia Inc. just signed a big deal and took on a financial obligation, filing an 8-K on Jan 30, 2025.
AI Summary
On January 30, 2025, Adeia Inc. filed an 8-K report detailing a material definitive agreement and the creation of a direct financial obligation. The filing indicates a significant event for the company, though specific details of the agreement or obligation are not provided in this excerpt.
Why It Matters
This filing signals a new material definitive agreement and potential financial obligation for Adeia Inc., which could impact its future financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carries some level of risk due to potential impacts on the company's financial health and operations.
Key Players & Entities
- Adeia Inc. (company) — Registrant
- Xperi Holding Corp (company) — Former company name
- XRAY-TWOLF HoldCo Corp (company) — Former company name
- January 30, 2025 (date) — Date of report
FAQ
What is the nature of the material definitive agreement Adeia Inc. entered into?
The provided excerpt does not specify the details of the material definitive agreement.
What is the direct financial obligation created by Adeia Inc.?
The excerpt mentions the creation of a direct financial obligation but does not provide specific details about its nature or amount.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on January 30, 2025.
What was Adeia Inc.'s former company name?
Adeia Inc. was formerly known as Xperi Holding Corp.
What is Adeia Inc.'s principal executive office address?
Adeia Inc.'s principal executive office is located at 3025 Orchard Parkway, San Jose, California 95134.
Filing Stats: 825 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2025-01-30 16:32:53
Key Financial Figures
- $0.001 — ch registered Common Stock (par value $0.001 per share) ADEA Nasdaq Global Selec
- $487,082,812 — s") in an aggregate principal amount of $487,082,812.50, and provides for, among other thing
Filing Documents
- adea-20250130.htm (8-K) — 56KB
- adea-ex10_1.htm (EX-10.1) — 1763KB
- 0000950170-25-011133.txt ( ) — 2161KB
- adea-20250130.xsd (EX-101.SCH) — 26KB
- adea-20250130_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Credit Agreement Amendment On January 30, 2025, Adeia Inc. (the "Company") entered into Amendment No. 4 to Credit Agreement (the "Amendment") among the Company, the subsidiaries of the Company party thereto, Bank of America, N.A., as administrative agent (in such capacity, the "Administrative Agent") and collateral agent (in such capacity, the "Collateral Agent"), and the lenders party thereto, which amended the Credit Agreement, dated as of June 1, 2020 (as amended by Amendment No. 1 to Credit Agreement, dated as of June 8, 2021, by Amendment No. 2 to Credit Agreement, dated as of May 30, 2023, by Amendment No. 3 to Credit Agreement, dated as of May 20, 2024, and the Amendment, the "Credit Agreement"), by and among the Company, the lenders from time to time party thereto, the Administrative Agent and the Collateral Agent. The Amendment reprices the entire amount of term loans issued under the Credit Agreement through a refinancing of the existing term loans with a new tranche of term loans (the "Refinancing Term B Loans") in an aggregate principal amount of $487,082,812.50, and provides for, among other things, (i) a reduction of the interest rate margin applicable to such loans to (x) in the case of SOFR loans, 2.50% per annum and (y) in the case of base rate loans, 1.50% per annum and (ii) a prepayment premium of 1.00% in connection with any repricing transaction with respect to the Refinancing Term B Loans within six months of the closing date of the Amendment. The Refinancing Term B Loans will mature on June 8, 2028, the same date upon which the existing term loans matured prior to giving effect to the Amendment. The description of the Amendment contained in this Current Report on Form 8-K is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and is incorporated by reference herein. Item 2.03 Creation of a Direct Financial
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment No. 4 to Credit Agreement, dated as of January 30, 2025, among Adeia Inc., the subsidiaries of Adeia Inc. party thereto, Bank of America, N.A., as administrative agent and collateral agent, and the lenders party thereto (including Conformed Credit Agreement giving effect to the Amendment).* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Exhibits to Exhibit 10.1 have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant agrees to furnish supplementally to the Securities and Exchange Commission a copy of the omitted exhibits upon request, provided that the registrant may request confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 30, 2025 ADEIA INC. By: /s/ Keith A. Jones Name: Keith A. Jones Title: Chief Financial Officer