Illumina Terminates Material Definitive Agreement

Ticker: ILMN · Form: 8-K · Filed: 2024-09-09T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, 8-k

Related Tickers: ILMN

TL;DR

Illumina just terminated a big deal, filing an 8-K. Details TBD.

AI Summary

Illumina, Inc. announced on September 4, 2024, the termination of a material definitive agreement. The company also reported other events and filed financial statements and exhibits as part of this 8-K filing. Specific details regarding the agreement and its termination were not provided in the initial filing summary.

Why It Matters

The termination of a material definitive agreement can signal a significant shift in business relationships or strategic direction for Illumina, potentially impacting future operations and financial performance.

Risk Assessment

Risk Level: medium — The termination of a material definitive agreement introduces uncertainty about the underlying business relationship and its potential financial implications.

Key Players & Entities

FAQ

What was the material definitive agreement that was terminated?

The filing indicates the termination of a material definitive agreement but does not specify the agreement's name or terms in the provided summary.

When did the termination of the agreement become effective?

The earliest event reported is September 4, 2024, which is the date of the report and likely close to the termination date.

Are there any financial implications mentioned regarding the termination?

The provided summary does not detail specific financial implications of the agreement's termination.

What other events are reported in this 8-K filing?

Besides the termination of a material definitive agreement, the filing also notes 'Other Events' and the submission of 'Financial Statements and Exhibits'.

Where is Illumina, Inc. headquartered?

Illumina, Inc. is headquartered at 5200 Illumina Way, San Diego, CA 92122.

From the Filing

0001193125-24-215883.txt : 20240909 0001193125-24-215883.hdr.sgml : 20240909 20240909160231 ACCESSION NUMBER: 0001193125-24-215883 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240904 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240909 DATE AS OF CHANGE: 20240909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ILLUMINA, INC. CENTRAL INDEX KEY: 0001110803 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 330804655 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35406 FILM NUMBER: 241287219 BUSINESS ADDRESS: STREET 1: 5200 ILLUMINA WAY CITY: SAN DIEGO STATE: CA ZIP: 92122 BUSINESS PHONE: 8582024500 MAIL ADDRESS: STREET 1: 5200 ILLUMINA WAY CITY: SAN DIEGO STATE: CA ZIP: 92122 FORMER COMPANY: FORMER CONFORMED NAME: ILLUMINA INC DATE OF NAME CHANGE: 20000331 8-K 1 d888510d8k.htm 8-K 8-K false 0001110803 0001110803 2024-09-04 2024-09-04     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     Form 8-K     Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 4, 2024       Illumina, Inc. (Exact name of registrant as specified in its charter)       001-35406 (Commission File Number) Delaware   33-0804655 (State or other jurisdiction of incorporation)   (I.R.S. Employer Identification No.) 5200 Illumina Way , San Diego , CA 92122 (Address of principal executive offices) (Zip code) (858) 202-4500 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value   ILMN   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13a of the Exchange Act. ☐       Item 1.02. Termination of a Material Definitive Agreement. On September 9, 2024, Illumina, Inc. (the “Company”) repaid in full all indebtedness and other obligations outstanding under, and terminated, the 364-day delayed draw credit agreement (the “Credit Agreement”) among the Company, as the borrower, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”). The Company’s payment under the Credit Agreement was $761 

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