Analog Devices signs $3.0 billion 364-day revolving credit facility maturing July 2027
On July 2, 2026, Analog Devices entered into a 364-day revolving credit agreement with Bank of America as administrative agent and a group of lenders, providing up to $3.0 billion in borrowing capacity. The facility gives the company a standby source of liquidity, with interest tied to Term SOFR plus a margin of 0.48% to 0.925% based on its debt ratings.
Key points
- Facility size: aggregate principal up to $3.0 billion, expiring July 1, 2027, with possible extensions and an option to convert outstanding loans to a one-year term loan.
- Pricing: Term SOFR plus 0.48% to 0.925% based on debt ratings, plus a facility fee of 0.020% to 0.075% on commitments.
- Covenant: minimum ratio of consolidated EBITDA to consolidated interest charges of 3.00 to 1.00 each fiscal quarter, starting with the first fiscal quarter ending after the closing date.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.