Advanced Energy increases revolver to $600M, repays $345M term loan with cash

ADVANCED ENERGY INDUSTRIES INC

Revolving facility increased by $400M to $600M total; $250M accordion feature added.
Prepaid $345M aggregate principal of senior unsecured term loan using cash on hand.
Only remaining debt is $575M of 2.50% convertible senior notes due 2028.
Interest rate swaps tied to term loan expired Sept 10, 2024; reducing net interest expense.
Amendment preserves existing interest rates, maturities, and covenants; no change to other terms.

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