ADVANCED ENERGY INDUSTRIES INC (AEIS): debt financing — Advanced Energy enters new $600M revolver due 2030, replaces prior facility

ADVANCED ENERGY INDUSTRIES INC

New $600M senior unsecured revolving credit facility matures May 8, 2030; replaces prior $600M facility due September 2026.
No borrowings outstanding under prior facility at termination; new facility also currently undrawn.
Interest on SOFR loans: SOFR + 0.75%-1.75% margin based on consolidated leverage ratio; unused line fee 0.10%-0.25%.
Financial covenant limits consolidated leverage ratio to 3.00x, with temporary increases to 3.50x for acquisitions (max 2 times).
Springing maturity: date accelerates to 91 days before convertible notes maturity if cash+undrawn revolver <120% of redemption amount.

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

ADVANCED ENERGY INDUSTRIES INC amended revolving credit of $600 million with HSBC Bank USA, N.A. (administrative agent) and lenders including Citibank, N.A., Wells Fargo, National Association, PNC Bank, National Association, and JPMorgan Chase Bank, N.A. at Term SOFR plus between 0.75% and 1.75%, or Base Rate plus between 0.00% and 0.75 maturing May 8, 2030.

Instrument: revolving credit
Principal: $600 million
Counterparty: HSBC Bank USA, N.A. (administrative agent) and lenders including Citibank, N.A., Wells Fargo, National Association, PNC Bank, National Association, and JPMorgan Chase Bank, N.A.
Rate: Term SOFR plus between 0.75% and 1.75%, or Base Rate plus between 0.00% and 0.75
Maturity: May 8, 2030
Event: amendment

Exact text from the filing

which provides aggregate financing of $600 million, consisting of a $600 million senior unsecured revolving facility with a term of up to five years

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Source: SEC EDGAR

accession 0001558370-25-007223

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