Allegro MicroSystems ( (ALGM) ) just unveiled an announcement.
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Allegro MicroSystems, Inc. has allocated a $375 million U.S. dollar-denominated first lien term facility, set to mature in October 2030, with the intention of refinancing its existing term loans. This strategic financial move is expected to close in February 2025 and aims to optimize the company’s debt structure, though it remains subject to customary conditions and uncertainties.
More about Allegro MicroSystems
YTD Price Performance: 3.81%
Average Trading Volume: 1,969,692
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.36B
For a thorough assessment of ALGM stock, go to TipRanks’ Stock Analysis page.
