{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-085009","form_type":"8-K","ticker":"COHR","cik":"0000820318","company_name":"COHERENT CORP.","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.073848+00:00","generated_at":"2026-06-04T03:08:18.536581+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Coherent refinances $2.44B term loans, reduces interest rate margin by 25 bps","bullets":["Refinanced $2.436B aggregate principal of Term B loans with new Term B-1 loans at lower interest rates.","Interest rate margin reduced to 1.50% (base rate) and 2.50% (term benchmark) from 1.75% and 2.75% respectively.","Term benchmark floor set at 0.50%; credit spread adjustment eliminated.","Maturity unchanged; proceeds used to repay existing Term B loans.","Also obtained lender consent for planned internal corporate reorganizations."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-085009","json":"https://secwatch.observer/filing/0001193125-24-085009.json","markdown":"https://secwatch.observer/filing/0001193125-24-085009.md","text":"https://secwatch.observer/filing/0001193125-24-085009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/820318/000119312524085009/0001193125-24-085009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/820318/000119312524085009/d794721d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:08:18.536581+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0fbcb906486bf146ed90c52be8534f99a5e0aacc","claim":"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.","evidence_excerpt":"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%.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/820318/000119312524085009/0001193125-24-085009-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2,435,625,000.00"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of t"},{"label":"Maturity","value":"maturity of the New Term Loans and revolving credit facility remains unchanged"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"c4123a8d8f957ec6b9a5fb061e58e6106e767dbd","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/820318/000119312524085009/0001193125-24-085009-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"$2,435,625,000.00"},{"label":"Effective","value":"2024-04-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}