The company entered into a Fourth Amended and Restated Credit Agreement on April 11, 2025. It amends and restates the existing agreement dated June 23, 2021, and provides a 5-year revolving credit facility with an aggregate principal amount not to exceed $3.0 billion.

1. 01

   The company entered into a Fourth Amended and Restated Credit Agreement on April 11, 2025. It amends and restates the existing agreement dated June 23, 2021, and provides a 5-year revolving credit facility with an aggregate principal amount not to exceed $3.0 billion.

2. 02

   Analog Devices said the revolving credit facility matures on April 11, 2030 and is currently undrawn. The agreement may be extended by one year each time, ahead of each anniversary of the Closing Date, at the company's request and with lender consent, for 1 years with no limit on the number of extension requests.

3. 03

   The company said Term SOFR Loans bear interest at Term SOFR plus a margin of 0.46% to 0.90%, based on its Debt Ratings, plus a SOFR Adjustment of 0.10%. It said the facility fee is 0.040% to 0.100% per year on the actual daily amount of the Commitments.

4. 04

   The company said it must maintain a ratio of consolidated EBITDA to consolidated interest charges of no less than 3.00 to 1.00 for each fiscal quarter, starting with the first fiscal quarter ending after the Closing Date. It also said the agreement includes negative covenants, including limits on liens and mergers, and events of default.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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