Materion Corporation Enters into Amendment No. 1 to Third Amended and Restated Credit Agreement
October 05, 2021 at 08:25 am EDT
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On September 30, 2021, Materion Corporation, entered into Amendment No. 1 to Third Amended and Restated Credit Agreement (the “Amendment”), which amended the Third Amended and Restated Credit Agreement dated as of September 24, 2019, by and among Materion, Materion’s subsidiary, Materion Netherlands B.V., Materion’s other foreign subsidiaries party thereto from time to time, the financial institutions party thereto from time to time as lenders, JPMorgan Chase Bank, N.A., as administrative agent, Wells Fargo Bank National Association and Bank of America, N.A., as co-syndication agents, and KeyBank National Association, as documentation agent. Among other things, the Amendment provides for an increase in the maximum leverage ratio covenant in connection with the proposed acquisition by Materion of all of the shares of H.C. Starck Inc. and permits the incurrence of certain debt in connection with such acquisition.
Materion Corporation provides advanced materials solutions for various industries, including semiconductor, industrial, aerospace and defense, energy and automotive. The Companyâs segments include Performance Materials, Electronic Materials, Precision Optics, and Other. Performance Materials segment provides advanced engineered solutions comprised of beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes produced at manufacturing facilities located throughout the United States and Europe. Electronic Materials segment produces advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultrapure wire. Precision Optics segment designs and produces precision thin film coatings, optical filters, and assemblies.
MATERION CORPORATION 
