secwatch / observer
8-K filed September 13, 2023, 7:59 PM ET ticker ENTG CIK 0001101302
debt confidence high sentiment positive materiality 0.55

ENTEGRIS INC (ENTG): debt financing — Entegris amends term loan facility to reduce interest rate margin

ENTEGRIS INC

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

ENTEGRIS INC amended credit facility with Morgan Stanley Senior Funding, Inc., as administrative agent at Term SOFR plus an applicable margin of 2.50% or a base rate plus an applicable m.

Instrument
credit facility
Counterparty
Morgan Stanley Senior Funding, Inc., as administrative agent
Rate
Term SOFR plus an applicable margin of 2.50% or a base rate plus an applicable m
Event
amendment
Exact text from the filing
The Second Amendment provides for, among other things, the reduction of the applicable rate of Entegris’ outstanding term B loans under the Existing Credit Agreement. After giving effect to the Second Amendment, such outstanding term B loans will bear interest, at a rate per annum equal to, at Entegris’ option, either (i) Term SOFR plus an applicable margin of 2.50% or (ii) a base rate plus an applicable margin of 1.50%.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENTEGRIS INC amended Amendment No. 2 (the "Second Amendment") to the Credit and Guaranty Agreement, dated as of November 6, 2018 with the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent (effective 2023-09-11).

Action
amendment
Agreement
credit facility
Counterparty
the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent
Effective
2023-09-11
Exact text from the filing
On September 11, 2023, Entegris, Inc., a Delaware corporation (“Entegris”) and certain of its subsidiaries entered into Amendment No. 2 (the “Second Amendment”) with the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, which amended the Credit and Guaranty Agreement, dated as of November 6, 2018
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ENTEGRIS INC filing history →

Source: SEC EDGAR
accession 0001140361-23-043716
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