ANALOG DEVICES INC (ADI): debt financing — Analog Devices enters new $3.0B revolver, doubles prior facility size to April 2030

ANALOG DEVICES INC

New $3.0 billion 5-year revolving credit facility, maturing April 11, 2030; currently undrawn.
Replaces prior $1.5B facility from June 2021; adds multicurrency borrowing capacity.
Interest on Term SOFR loans at 0.46%-0.90% margin plus 0.10% SOFR adjustment, based on debt ratings.
Financial covenant: consolidated EBITDA to interest expense ratio must be at least 3.00x.
Facility fee of 0.040%-0.100% per annum on total commitments, tied to debt ratings.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ANALOG DEVICES INC amended revolving credit of $3.0 billion with Bank of America, N.A. as Administrative Agent at Term SOFR plus 0.46% to 0.90% plus 0.10% SOFR Adjustment maturing April 11, 2030.

Instrument: revolving credit
Principal: $3.0 billion
Counterparty: Bank of America, N.A. as Administrative Agent
Rate: Term SOFR plus 0.46% to 0.90% plus 0.10% SOFR Adjustment
Maturity: April 11, 2030
Event: amendment

Exact text from the filing

credit agreement dated as of June 23, 2021, provides for a 5-year revolving credit facility (“Revolving Credit Facility”) in an aggregate principal amount not to exceed $3.0 billion. Terms used in this Item 1.01 and not defined herein shall have the meanings ascribed to them in the Revolving Credit Agreement, which is attached to this Form 8-K as Exhibit

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Source: SEC EDGAR

accession 0001193125-25-079081

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