Coherent : Material Agreement - Form 8-K

Item 1.01

Entry into a Material Definitive Agreement.

On April 2, 2024, Coherent Corp. (the "Company") entered into that certain Amendment No. 2 to Credit Agreement (the "Amendment") with the lenders and other parties thereto and JPMorgan Chase Bank, N.A., as administrative agent (the "Agent"), amending that certain Credit Agreement, dated as of July 1, 2022 (as previously amended, supplemented or modified, the "Credit Agreement", and as amended by the Amendment, the "Amended Credit Agreement"), by and among the Company, the lenders and other parties thereto and the Agent.

Pursuant to the Amendment, the $2,435,625,000.00 in aggregate principal amount of term B loans outstanding under the Credit Agreement (the "Existing Term B Loans") were replaced with an equal amount of new term loans (the "New Term B Loans") having substantially similar terms as the Existing Term B Loans, except with respect to the interest rate applicable to the New Term B Loans and certain other provisions.

The interest rate margin applicable to the New Term B Loans was reduced from 1.75% to 1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of term benchmark loans, with a term benchmark floor of 0.50%. The credit spread adjustment was eliminated with respect to New Term B Loans. The maturity of the New Term Loans and revolving credit facility remains unchanged.

The foregoing description of the Amendment is not intended to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.