The company said it entered into Amendment No. 2 to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, on July 1, 2022, amending the Credit Agreement dated April 2, 2024.

1. 01

   The company said it entered into Amendment No. 2 to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, on July 1, 2022, amending the Credit Agreement dated April 2, 2024.

2. 02

   Coherent said $2,435,625,000.00 in principal amount of term B loans under the Credit Agreement was replaced with New Term B Loans in an equal amount, with substantially similar terms apart from the interest rate and certain other provisions.

3. 03

   The company said the interest rate margin on the New Term B Loans was lowered from 1.75% to 1.50% for base rate loans and from 2.75% to 2.50% for term benchmark loans, and that the term benchmark floor is 0.50%.

4. 04

   Coherent said the credit spread adjustment was eliminated for the New Term B Loans, and that the maturities of the New Term Loans and the revolving credit facility were not changed.

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