APPLIED MATERIALS INC /DE (AMAT): debt financing — Applied Materials secures $2.0B 364-day revolving credit facility due Sept 2026

APPLIED MATERIALS INC /DE

364-day $2.0B unsecured revolving credit facility with Bank of America as administrative agent.
Interest at Term SOFR plus 0.50%-1.00% or Base Rate option; commitment fees 0.04%-0.10% on undrawn.
Financial covenant: minimum consolidated adjusted EBITDA to net interest expense ratio of 3.00x.
Facility may be increased to $3.0B with lender consent; proceeds for general corporate purposes.
No borrowings outstanding as of September 25, 2025.

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

APPLIED MATERIALS INC /DE incurred revolving credit of $2.0 billion with Bank of America, N.A. (as administrative agent) and the lenders party thereto at Term SOFR plus applicable margin ranging from 0.50% to 1.00% per annum, or alter maturing September 24, 2026.

Instrument: revolving credit
Principal: $2.0 billion
Counterparty: Bank of America, N.A. (as administrative agent) and the lenders party thereto
Rate: Term SOFR plus applicable margin ranging from 0.50% to 1.00% per annum, or alter
Maturity: September 24, 2026
Event: incurrence

Exact text from the filing

On September 25, 2025, Applied Materials, Inc. (“Applied”) entered into a credit agreement (the “Credit Agreement”) for a 364-day $2.0 billion revolving credit facility with Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto (collectively, the “Lenders”).

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Source: SEC EDGAR

accession 0001628280-25-042933

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