Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
COHERENT CORP. amended credit facility of $2,435,625,000.00 with JPMorgan Chase Bank, N.A., as administrative agent at 1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of t maturing maturity of the New Term Loans and revolving credit facility remains unchanged.
- Instrument
- credit facility
- Principal
- $2,435,625,000.00
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- 1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of t
- Maturity
- maturity of the New Term Loans and revolving credit facility remains unchanged
- Event
- amendment
Exact text from the filing
Pursuant to the Amendment, the $2,435,625,000.00 in aggregate principal amount of term B loans outstanding under the Credit Agreement (the “ Existing Term B Loans ”) were replaced with an equal amount of new term loans (the “ New Term B Loans ”) having substantially similar terms as the Existing Term B Loans, except with respect to the interest rate applicable to the New Term B Loans and certain other provisions. The interest rate margin applicable to the New Term B Loans was reduced from 1.75% to 1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of term benchmark loans, with a term benchmark floor of 0.50%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
COHERENT CORP. amended Amendment No. 2 to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $2,435,625,000.00 (effective 2024-04-02).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Value
- $2,435,625,000.00
- Effective
- 2024-04-02
Exact text from the filing
On April 2, 2024, Coherent Corp. (the “ Company ”) entered into that certain Amendment No. 2 to Credit Agreement (the “ Amendment ”) with the lenders and other parties thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “ Agent ”), amending that certain Credit Agreement, dated as of July 1, 2022
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