Coherent said it entered into Amendment No. 3 on January 2, 2025 with the lenders and other parties thereto and JPMorgan Chase Bank, N.A., as administrative agent, amending the Credit Agreement dated July 1, 2022.

1. 01

   Coherent said it entered into Amendment No. 3 on January 2, 2025 with the lenders and other parties thereto and JPMorgan Chase Bank, N.A., as administrative agent, amending the Credit Agreement dated July 1, 2022.

2. 02

   The company said the $2,232,357,812.50 in outstanding term B loans under the Credit Agreement was replaced with an equal amount of new term loans (New Term B Loans) with substantially similar terms, except for 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 1.50% to 1.00% for base rate loans and from 2.50% to 2.00% for term benchmark loans, and that the term benchmark floor is 0.50%.

4. 04

   The company said the maturity of the New Term B Loans is unchanged from that of the existing term B loans, and the maturities of the revolving credit facility and the outstanding term A loan facility were also not changed.

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