Adeia Successfully Completes Second Debt Repricing in Past 8 Months

Core Viewpoint - Adeia Inc. has successfully repriced its Term Loan B, resulting in a 50 basis points reduction in the fixed interest rate, which will lower annual interest expenses by approximately $2.4 million [1][2]. Financial Summary - The remaining balance of Term Loan B is approximately$487.1 million, with the new interest rate set at SOFR + 250 basis points [1]. - Since becoming an independent company in October 2022, Adeia has paid down $272.3 million on its Term Loan B [2]. Company Overview - Adeia Inc. is a leading R&D and intellectual property licensing company that focuses on innovative technologies in the media and semiconductor industries [3]. - The company's innovations are integral to technology solutions that enhance digital entertainment and electronics, impacting millions of users globally [3].