MATERION Corp (MTRN): debt financing — Materion enters $675M credit facility ($450M revolver + $225M term loan) maturing 2030

MATERION Corp

$450M senior secured revolving credit facility and $225M senior secured term loan facility entered on June 26, 2025.
Term loan fully drawn on closing; facilities mature June 26, 2030.
Refinances prior Fourth Amended and Restated Credit Agreement dated October 2021.
Includes financial covenants: maximum net leverage ratio and minimum interest coverage ratio.
JPMorgan Chase is administrative agent; Wells Fargo and BofA are co-syndication agents.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MATERION Corp incurred term loan of $225 million with JPMorgan Chase Bank, N.A., as administrative agent maturing June 26, 2030.

Instrument: term loan
Principal: $225 million
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Maturity: June 26, 2030
Event: incurrence

Exact text from the filing

On June 26, 2025, Materion Corporation, an Ohio corporation ("Materion"), entered into a Fifth Amended and Restated Credit Agreement (the "Credit Agreement"), with JPMorgan Chase Bank, N.A., as administrative agent, Wells Fargo Bank National Association and Bank of America, N.A., as co-syndication agents, KeyBank National Association and PNC Bank, National Association, as co-documentation agents, and JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC and BofA Securities, Inc., as joint bookrunners and joint lead arrangers.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MATERION Corp incurred revolving credit of $450 million with JPMorgan Chase Bank, N.A., as administrative agent maturing June 26, 2030.

Instrument: revolving credit
Principal: $450 million
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Maturity: June 26, 2030
Event: incurrence

Exact text from the filing

the Credit Agreement provides for a $450 million senior secured revolving credit facility

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Source: SEC EDGAR

accession 0001104657-25-000124

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