---
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"
generated_at: "2026-06-04T03:08:18.536581+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Coherent refinances $2.44B term loans, reduces interest rate margin by 25 bps

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-085009
- JSON: https://secwatch.observer/filing/0001193125-24-085009.json
- Plain text: https://secwatch.observer/filing/0001193125-24-085009.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/820318/000119312524085009/0001193125-24-085009-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/820318/000119312524085009/0001193125-24-085009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.