Coherent refinances $2.23B term loans, cuts interest rate margin by 50 bps

COHERENT CORP.

Entered Amendment No. 3 to Credit Agreement, replacing $2.23B of Term B-1 loans with new Term B-2 loans.
Interest rate margin reduced from 1.50% to 1.00% for base rate loans and from 2.50% to 2.00% for benchmark loans.
Maturity of new term loans unchanged from original; revolving and term A facilities unaffected.
Proceeds from new loans and rollover consents used to repay existing Term B-1 loans in full.
Effective January 2, 2025; customary conditions including legal opinions and officer certificates satisfied.

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