Analog Devices entered into a new Credit Agreement for a $3.0 billion 364-day revolving credit facility to bolster liquidity and flexibility. The facility, led by Bank of America as Administrative Agent, includes multicurrency borrowing, annual extension options, and a right to convert outstanding borrowings into a one-year term loan for a 0.50% fee. Interest is based on Term SOFR plus a 0.48%–0.925% margin or Base Rate, with a 0.020%–0.075% facility fee, and includes customary covenants and a 3.0x minimum interest coverage ratio.
Agreement details:
- Agreement type: 364-day revolving credit facility
- Counterparty: Bank of America, as Administrative Agent, and other lenders
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: 364 days; expires Jul 01 2027, extendable annually
- Reason: Enhance liquidity and financial flexibility
Original SEC Filing:
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