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Form 8-K · Current Report · Filed 2025-01-07

Coherent Corp. Amends Credit Agreement to Lower Interest Rates

On January 2, 2025, Coherent Corp. amended its Credit Agreement, replacing existing term B loans with new term loans having a reduced interest rate margin from 1.50% to 1.00% for base rate loans and from 2.50% to 2.00% for term benchmark loans, with a floor of 0.50%. The maturity of the new term B loans remains unchanged.

Filer
Coherent Corp. COHR · NYSE
Filed
Accession
0001193125-25-002808
CIK
0000820318
Signal
Medium impactTechnology

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$100.96

Next session

-7.2%

Since filing

+160.4%

Latest close

$262.89

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from COHR reporting the same item, with the next session's move:

Exhibits (1)

About Coherent Corp.

Coherent Corp. is a prominent player in the photonics and laser technology industry, specializing in the development and manufacturing of optical and laser-based products. Its primary function involves providing advanced laser solutions and photonics technologies that are integral to a wide range of industrial, scientific, and commercial applications. Coherent Corp.’s products serve key sectors, including communications, industrial automation, semiconductor manufacturing, and healthcare, where precision laser systems and components are crucial. The company's laser technologies enable high-precision microelectronics manufacturing and have applications in medical devices, display technologies, and scientific research. Coherent Corp.'s role in the market is significant due to its innovative contributions to enhancing manufacturing efficiencies and facilitating technological advancements in industries that demand high-performance optical solutions. Headquartered in the United States, Coherent Corp. continues to influence the global photonics landscape, leveraging its expertise to advance technological capabilities and address complex industrial challenges.

Exchange NYSE Industry Scientific & Technical Instruments Company website ↗

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