secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED ENERGY INDUSTRIES INC (AEIS)
CIK:        0000927003
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001558370-25-007223
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advanced Energy enters new $600M revolver due 2030, replaces prior facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927003/000155837025007223/0001558370-25-007223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927003/000155837025007223/aeis-20250508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-007223

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