secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001193125-25-002808
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312525002808/0001193125-25-002808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312525002808/d891952d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-002808

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