Advanced Energy replaces $600 million credit facility, extends maturity to May 2030
Advanced Energy terminated its prior $600 million credit agreement and entered a new $600 million unsecured revolving credit agreement dated May 8, 2025. The filing says no borrowings were outstanding under the prior agreement at termination, and the new facility matures May 8, 2030, later than the prior September 9, 2026 maturity.
Key points
- New $600 million senior unsecured revolving facility with HSBC as administrative agent and Citibank, Wells Fargo, PNC and JPMorgan Chase among the lenders
- Maturity date of May 8, 2030, which may be accelerated if liquidity falls below 120% of the redemption amount of the 2.50% Convertible Notes due September 15, 2028
- Interest at Term SOFR plus 0.75% to 1.75%, depending on the consolidated leverage ratio; the leverage ratio cannot exceed 3.00 to 1.00 at quarter-end
- Prior agreement dated September 10, 2019, with a September 9, 2026 maturity, was terminated on May 8, 2025, with no borrowings outstanding
The filing
Written by AI on Nov 8, 2026, 1:17 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 May 12, 2025.
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.