Synaptics Inc. Files 8-K Report

TL;DR

Synaptics filed an 8-K today, check it for 'Other Events'.

AI Summary

On November 13, 2024, Synaptics Incorporated filed an 8-K report. The filing indicates that the company is providing information under "Other Events." Specific details regarding the nature of these events, any associated financial implications, or involved parties are not elaborated upon in the provided text.

Why It Matters

This filing signals that Synaptics Inc. has made a regulatory disclosure. Investors and interested parties should review the full filing for details on the 'Other Events' to understand any potential impact on the company.

Risk Assessment

Risk Level: low — The filing is a standard 8-K disclosure of 'Other Events' without immediate indication of significant positive or negative developments.

Key Players & Entities

• SYNAPTICS Inc (company) — Registrant
• 0000817720 (company) — Central Index Key
• November 13, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share SYNA NASDAQ Global Select Ma
• $250.0 million — facility in a principal amount of up to $250.0 million (the "Revolving Credit Facility") and a
• $600.0 million — (the "Revolving Credit Facility") and a $600.0 million incremental term loan facility. The Com
• $100,000,000 — dit Agreement) in an amount of at least $100,000,000 in excess of the amount that would be r
• $350.0 million — Credit Facility from $250.0 million to $350.0 million. The Company expects that the Amended

Filing Documents

• syna-20241113.htm (8-K) — 28KB
• 0001628280-24-047579.txt ( ) — 149KB
• syna-20241113.xsd (EX-101.SCH) — 2KB
• syna-20241113_lab.xml (EX-101.LAB) — 21KB
• syna-20241113_pre.xml (EX-101.PRE) — 12KB
• syna-20241113_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On November 13, 2024, Synaptics Incorporated ("Synaptics" or the "Company") announced its plans to enter into an amended and restated credit facility. Synaptics is party to a second amended and restated credit agreement (the "Credit Agreement") which provides for a revolving credit facility in a principal amount of up to $250.0 million (the "Revolving Credit Facility") and a $600.0 million incremental term loan facility. The Company expects to enter into an amendment and restatement to its Credit Agreement (the "Amended and Restated Credit Agreement") that will govern its Revolving Credit Facility to, among other changes, extend the maturity date of the Revolving Credit Facility to be the earlier of (i) the fifth anniversary of the closing of the amendment and (ii) ninety one (91) days prior to any maturity of the Company's 4.000% senior notes due 2029. Clause (ii) will not apply if the Company has Liquidity (to be defined in the Amended and Restated Credit Agreement) in an amount of at least $100,000,000 in excess of the amount that would be required to be paid on such date. The Amended and Restated Credit Agreement will be arranged by a syndicate of financial institutions and will, among other things, also increase the Revolving Credit Facility from $250.0 million to $350.0 million. The Company expects that the Amended and Restated Credit Agreement will be substantially similar to its existing Credit Agreement and will contain customary covenants and conditions that may, among other things, limit the Company's ability to incur additional indebtedness, incur liens on assets, make investments, dispose of assets, enter into certain transactions with affiliates, designate restricted subsidiaries as unrestricted subsidiaries or pay dividends and make distributions. The Company also expects that its Amended and Restated Credit Agreement will offer greater flexibility compared to its existing Credit Agreement. The Company intends to use the

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes forward-looking statements, including statements regarding the anticipated terms of the proposed Amended and Restated Credit Agreement, the execution and timing of the proposed Amended and Restated Credit Agreement, the intended use of the proceeds and the anticipated terms of, and the effects of entering into, the financing arrangements described above. Forward-looking statements represent Synaptics' current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions and volatility and uncertainty in the financial markets, including potential fluctuations in market interest rates, Synaptics' ability to access debt and capital markets, Synaptics' ability to make required payments under its financing arrangements and to comply with the various requirements of Synaptics' indebtedness and other risks relating to Synaptics' business, including those described in periodic reports that Synaptics files from time to time with the SEC. Synaptics may not enter into the proposed Amended and Restated Credit Agreement described in this Current Report on Form 8-K and, if the proposed Amended and Restated Credit Agreement is entered into, cannot provide any assurances regarding the final terms of the proposed Amended and Restated Credit Agreement or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this Current Report on Form 8-K speak only as of the date of this Current Report on Form 8-K, and Synaptics does not undertake to update the statements included in this Current Report on Form 8-K for subsequent developments, except as may be required by law.

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 thereunto duly authorized. SYNAPTICS INCORPORATED Date: November 13, 2024 By: /s/ Lisa Bodensteiner Lisa Bodensteiner Senior Vice President, Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR