Applied Materials Inc.
Applied Materials Enters New $2.0 Billion Credit Agreement
Summary
Applied Materials, Inc. entered into a new five-year $2.0 billion revolving credit facility with Bank of America, N.A., replacing a previous $1.5 billion credit agreement. The new facility includes an option to increase the total amount to $2.5 billion and features interest rates based on the Term SOFR and federal funds effective rate, among others. The agreement includes customary financial covenants and events of default. No borrowings have been made under the new agreement as of the filing date.
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About Applied Materials Inc.
Applied Materials Inc. is a leading provider of innovative equipment, services, and software for the global semiconductor industry. Specializing in the development of materials engineering solutions, the company's products play a crucial role in the production of advanced semiconductor chips, which are essential components in electronic devices. Applied Materials' equipment is widely used in the manufacturing processes for a variety of industries, including consumer electronics, computer systems, communications infrastructure, and automotive components. Notably, Applied Materials offers solutions for deposition, removal, patterning, and inspection, serving the needs of chipmakers aiming to improve performance, energy consumption, and computational power of their semiconductor devices. With a focus on cutting-edge research and development, the company continually advances the technology landscape, enabling trends like artificial intelligence, internet of things (IoT), and data center expansion. In the financial market, Applied Materials Inc. holds a significant position due to its impact on technology advancements and its partnerships with leading tech and electronics companies. Headquartered in Santa Clara, California, the company's innovations underpin the critical supply chains of the high-tech and electronics industries worldwide.
Official SEC Documents
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