Loan & DebtJul 2, 2026, 04:14 PM
Analog Devices secures $3.0B revolving credit facility
AI Summary
Analog Devices, Inc. entered into a new Revolving Credit Agreement on July 2, 2026, establishing a $3.0 billion revolving credit facility. The facility, with Bank of America, N.A. as Administrative Agent, has an initial maturity date of July 1, 2027, but includes options for annual extensions and a one-year term-out option. It allows for multi-currency borrowings and is prepayable without penalty, providing the company with financial flexibility.
Key Highlights
- Analog Devices entered into a new $3.0 billion revolving credit facility.
- The facility has an initial maturity date of July 1, 2027.
- It includes options for annual extensions of the maturity date.
- A one-year term-out option is available for outstanding loans.
- Interest rates are based on Term SOFR (0.48%-0.925% margin) or Base Rate.
- A facility fee ranging from 0.020% to 0.075% applies based on debt ratings.
- Borrowings are permitted in U.S. dollars, euros, pounds sterling, and other approved currencies.
- The company must maintain a consolidated EBITDA to interest charges ratio of at least 3.00 to 1.00.
Price Impact
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