secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED MATERIALS INC /DE (AMAT)
CIK:        0000006951
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0001628280-25-042933
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Materials secures $2.0B 364-day revolving credit facility due Sept 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6951/000162828025042933/0001628280-25-042933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6951/000162828025042933/amat-20250925.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-042933

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