ENTG · Entegris, Inc.

Entegris executed Amendment No. 4 to its long-standing credit agreement to replace its existing revolving facility with a new $750.0 million senior secured revolving credit facility, effective April 29, 2026. This refinancing extends the maturity to April 29, 2031, while introducing a springing maturity clause that accelerates repayment 91 days before the scheduled final maturity of certain other debt — contingent on both debt level and liquidity conditions. The pricing structure is performance-based: interest margins and commitment fees are tiered according to the Company’s first lien net leverage ratio, incentivizing disciplined capital structure management. The continued maintenance of the 5.20x leverage covenant — but only triggered upon specific utilization thresholds — preserves financial flexibility while retaining lender protections. Notably, the amendment also governs the $400.0 million in outstanding term loans, confirming their ongoing inclusion under the revised terms. The syndicate includes eight major financial institutions, with Morgan Stanley Senior Funding, Inc. continuing as administrative and collateral agent and assuming the swingline lender role previously held by Morgan Stanley Bank, N.A. This transaction signals strategic emphasis on liquidity resilience and cost-efficient funding access amid evolving capital market conditions, without altering the fundamental secured nature or cross-guarantee framework of Entegris’ debt obligations.