Entegris Inc. Files 8-K: Material Agreement & Financial Obligations
Ticker: ENTG · Form: 8-K · Filed: Mar 28, 2024 · CIK: 1101302
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-k
Related Tickers: ENTG
TL;DR
ENTEGRIS FILES 8-K: NEW MATERIAL AGREEMENT & FINANCIAL OBLIGATIONS CONFIRMED.
AI Summary
On March 28, 2024, Entegris, Inc. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.
Why It Matters
This filing signals a significant new agreement and potential financial commitments for Entegris, Inc., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and new financial obligations, which inherently carry some level of risk and require further investigation into the specifics of the agreement.
Key Players & Entities
- Entegris, Inc. (company) — Registrant
- March 28, 2024 (date) — Date of report and earliest event
FAQ
What is the nature of the material definitive agreement Entegris, Inc. entered into?
The filing states that Entegris, Inc. entered into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
What type of financial obligation has Entegris, Inc. created?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed in the provided text.
When was this 8-K filing submitted?
The filing was submitted on March 28, 2024.
What is Entegris, Inc.'s principal executive office address?
Entegris, Inc.'s principal executive offices are located at 129 Concord Road, Billerica, MA 01821.
What is Entegris, Inc.'s telephone number?
Entegris, Inc.'s telephone number is (978) 436-6500.
Filing Stats: 825 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-03-28 16:04:05
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value per share ENTG The Nasdaq
- $354,456,202.11 — mendment, Entegris made a prepayment of $354,456,202.11 of term B loans. The foregoing descrip
Filing Documents
- ef20025430_8k.htm (8-K) — 33KB
- ef20025430_ex10-01.htm (EX-10.01) — 1871KB
- image1.jpg (GRAPHIC) — 237KB
- 0001140361-24-016112.txt ( ) — 3010KB
- entg-20240328.xsd (EX-101.SCH) — 4KB
- entg-20240328_lab.xml (EX-101.LAB) — 21KB
- entg-20240328_pre.xml (EX-101.PRE) — 16KB
- ef20025430_8k_htm.xml (XML) — 4KB
01
Item 1.01. Entry into a Material Definitive Agreement. On March 28, 2024, Entegris, Inc., a Delaware corporation ("Entegris") and certain of its subsidiaries entered into Amendment No. 3 (the "Third Amendment") with the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, which amended the Credit and Guaranty Agreement, dated as of November 6, 2018 (as amended and restated by the Amendment and Restatement Agreement, dated as of July 6, 2022, as amended by Amendment No. 1, dated as of March 10, 2023, as amended by Amendment No. 2, dated as of September 11, 2023, and as further amended, restated, amended and restated, supplemented, modified and otherwise in effect prior to the effectiveness of the Third Amendment, the "Existing Credit Agreement" and, the Existing Credit Agreement as amended by the Third Amendment, the "Amended Credit Agreement"), by and among Entegris, as borrower, certain subsidiaries of Entegris party thereto, as guarantors, the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent. The Third Amendment provides for, among other things, the reduction of the applicable rate of Entegris' outstanding term B loans under the Existing Credit Agreement. After giving effect to the Third Amendment, such outstanding term B loans will bear interest, at a rate per annum equal to, at Entegris' option, either (i) Term SOFR plus an applicable margin of 1.75% or (ii) a base rate plus an applicable margin of 0.75%. Other than as described herein (and more fully described in the Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement. In connection with the Third Amendment, Entegris made a prepayment of $354,456,202.11 of term B loans. The foregoing description of the Third Amendment and the Amended Credit Agreement is qualified in its entirety by reference to the Third Amendment, a copy of which is filed
03
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.01 Amendment No. 3, dated as of March 28, 2024, among Entegris, as borrower, the other credit parties party thereto, the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ENTEGRIS, INC. Dated: March 28, 2024 By: /s/ Linda LaGorga Name: Linda LaGorga Title: Senior Vice President, Chief Financial Officer and Treasurer