Entegris Secures $750 Million Revolving Credit Facility in Fourth Amendment

Deal Overview On April 29, 2026 Entegris entered into Amendment No. 4 to its Credit and Guaranty Agreement, originally dated November 6, 2018 and restated July 6, 2022. The amendment replaces all existing revolving facilities with a single aggregate commitment of US$750 million provided by the lenders listed on Schedule I. Morgan Stanley Senior Funding, Inc. steps in as the swingline lender, superseding Morgan Stanley Bank, N.A., with a commitment set out in Schedule 2.3. Updated letter‑of‑credit issuing commitments are also reflected on Schedule 2.4B for each designated issuing bank.

Key Terms & Structure - Revolving Facility: $750 million aggregate, automatic replacement of prior facilities on the effective date. - Swingline Commitment: New swingline loan from Morgan Stanley Senior Funding, Inc., amount disclosed in the amendment schedule. - Letter of Credit: Revised issuance limits for each issuing bank, aligning credit support with Entegris’s expanding trade finance needs. - Arrangers & Bookrunners: A consortium led by Morgan Stanley Senior Funding, Barclays, BofA Securities, Citibank, Goldman Sachs, PNC Capital Markets, Truist Securities, and Wells Fargo Securities. - Pro‑Rata Shares: Recalculated on the effective date, ensuring each lender’s participation in outstanding letters of credit matches its share of the new facility. - Conditions Precedent: Execution of the amendment, delivery of corporate resolutions, incumbency and good‑standing certificates, a legal opinion from White & Case LLP, officer certifications, solvency certificates, and refinancing of all outstanding revolving and swingline loans.

Strategic Rationale The amendment is a pure refinancing transaction, designed to consolidate Entegris’s borrowing arrangements, increase available liquidity, and modernize credit documentation to reflect current market conditions. By boosting the revolving line to $750 million, the company gains greater flexibility to fund inventory, capex, and potential acquisitions in the high‑growth semiconductor‑materials sector. The updated swingline and letter‑of‑credit capacities also improve short‑term funding agility, a critical factor as supply‑chain dynamics tighten.

Market Reaction Entegris shares closed at $149.37, up 3.21% on the day, reflecting investor confidence that the new financing will support the company’s robust 77.3% year‑to‑date stock performance. The broader market was flat, with the S&P 500 down 0.02%, underscoring the relative strength of the news.

Regulatory Outlook No specific regulatory approvals were disclosed; the amendment’s effectiveness hinges on satisfaction of the outlined conditions precedent. Assuming timely execution, the facility should become operational shortly, bolstering Entegris’s balance sheet ahead of the next fiscal quarter.

The $750 million credit line positions Entegris to capitalize on continued demand for advanced materials in AI‑driven chip manufacturing, aligning its financing structure with the rapid pace of industry innovation.