debt
confidence high
sentiment neutral
materiality 0.55
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.
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