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AI brief of an SEC Form 8-K · Coherent (COHR)

Coherent Corp. amends $2.23 billion term B loan, cutting interest rate margin

Positive Impact 3 of 5 financing Written later

Coherent Corp. entered into Amendment No. 3 to its Credit Agreement on January 2, 2025, replacing $2,232,357,812.50 in existing term B loans with new term loans of the same amount. The new loans carry a lower interest rate margin, reduced from 2.50% to 2.00% for term benchmark loans, with maturities unchanged, which may lower the company's borrowing costs.

Key points

  • Principal amount of term B loans replaced: $2,232,357,812.50, on an equal-amount basis
  • Term benchmark loan margin cut from 2.50% to 2.00%; base rate loan margin cut from 1.50% to 1.00%
  • Term benchmark floor set at 0.50%
  • Maturities of new term B loans, revolving credit facility and term A loan remain unchanged

The filing

CompanyCoherent (COHR)
Form8-K, current report
Filed with the SECJan 7, 2025, 3:07 PM ET
Accession number0001193125-25-002808

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 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 January 07, 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.