Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
MKS INC amended term loan with JPMorgan Chase Bank, N.A. at decreased the applicable margin for the Company’s $3.6 billion senior secured tr.
- Instrument
- term loan
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- decreased the applicable margin for the Company’s $3.6 billion senior secured tr
- Event
- amendment
Exact text from the filing
The Repricing Amendment (i) decreased the applicable margin for the Company’s $3.6 billion senior secured tranche B term loans (the “USD Tranche B”) from 2.75% to 2.50% with respect to SOFR borrowings and from 1.75% to 1.50% with respect to base rate borrowings, (ii) removed the credit spread adjustments applicable to SOFR borrowings and (iii) extended the period during which a 1.00% prepayment premium may be required if the Company prepays any loans under the USD Tranche B in connection with a repricing transaction until the date that is six months following the Effective Date.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MKS INC amended Repricing Amendment with JPMorgan Chase Bank, N.A. (effective 2023-10-03).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Effective
- 2023-10-03
Exact text from the filing
On October 3, 2023 (the “Effective Date”), MKS Instruments, Inc., a Massachusetts corporation (the “Company”), entered into the First Amendment to Credit Agreement (the “Repricing Amendment”), which amends the Credit Agreement, dated as of August 17, 2022, by and among the Company, the lenders and letter of credit issuers party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (as amended, the “Credit Agreement”).
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