Advanced Energy Industries Inc.
Advanced Energy Industries Amends Credit Agreement
Summary
On September 9, 2024, Advanced Energy Industries, Inc. amended its existing credit agreement by increasing the Revolving Facility commitment by $400.0 million, adding Wells Fargo Bank as a lender, and refreshing the accordion feature for additional borrowing capacity. The Company prepaid its $345.0 million Term Loan Facility using available cash, resulting in only $575.0 million of 2.50% convertible senior notes due 2028 remaining as outstanding debt. This amendment enhances the Company's financial flexibility for growth and other corporate needs.
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About Advanced Energy Industries Inc.
Advanced Energy Industries Inc. is a leader in the design and manufacture of precision power conversion, measurement, and control solutions for critical applications. The primary function of Advanced Energy Industries is to supply advanced power systems to a variety of industries, including semiconductor equipment, industrial manufacturing, data center computing, and telecommunications. Its products are essential for processes that require high precision and reliability, such as thin-film technology and industrial coating applications. With a strong focus on innovation, Advanced Energy Industries continuously advances its technologies to meet the ever-evolving demands of these sectors, ensuring efficiency, performance, and operational excellence. Headquartered in Colorado, USA, the company plays a crucial role in driving technological progress by providing the power solutions that underpin today's cutting-edge electronic components and systems. Its influence extends far beyond manufacturing, contributing significantly to sectors that prioritize clean and efficient power management. As such, Advanced Energy Industries is a pivotal player in the broader technological landscape, supporting the infrastructure that powers modern industry and digital communication.
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