ANALOG DEVICES INC

$3bn committed across 1 active facility, next covenant test Sep 30, 2026. ADI

Semiconductors & Related Devices

Recent changes

  1. Jul 2, 2026ANALOG DEVICES INC signs $3bn CREDIT AGREEMENT, matures Jul 2027SEC ↗
Tested quarterlyHeadroom not yet measured3.00x
The Company shall not permit the ratio of Consolidated EBITDA to Consolidated Interest Charges, as at the end of any fiscal quarter of the Company, commencing with the first fiscal quarter ending after the Closing Date, to be less than 3.00 to 1.00 for any fiscal quarter.
Read the filing on sec.gov ↗

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CREDIT AGREEMENT

Signed Jul 2, 2026

Committed
$3bn
Matures
Jul 2027
TrancheSizeMaturesMargin
Revolving credit facility$3bnJul 202748–93 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level I≥AA-/Aa3/AA-48 bps2 bps
Level IIA+/A1/A+60 bps3 bps
Level IIIA/A2/A71 bps4 bps
Level IVA-/A3/A-83 bps5 bps
Level V≤BBB+/Baa1/BBB+93 bps8 bps

Lenders: BOFA SECURITIES, INC., CITIBANK, N.A., JPMORGAN CHASE BANK, N.A., MORGAN STANLEY SENIOR FUNDING, INC., BARCLAYS BANK PLC, BNP PARIBAS SECURITIES CORP., Bank of America, N.A., Barclays Bank PLC, BNP Paribas, Citibank, N.A., JPMorgan Chase Bank, N.A., Morgan Stanley Bank, N.A.

No amendments on file yet.

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