Monitor for any drawdowns on the facility or changes in ADI's debt ratings that would affect pricing. The facility provides ample liquidity for capital allocation activities but does not alter the company's fundamental outlook.
Price Chart
Executive Summary
Analog Devices entered into a $3.0 billion 364-day revolving credit facility on July 2, 2026, with a syndicate of banks led by Bank of America as administrative agent. The facility matures July 1, 2027, with extension options and a term-out feature, and is intended for general corporate purposes including stock repurchases, acquisitions, and working capital. This is a routine liquidity facility for an investment-grade company and does not signal any change in financial condition.
Key Financial Metrics
Key Facts
- $3.0 billion aggregate revolving credit commitment
- 364-day term, maturing July 1, 2027
- Extension option for additional one-year periods with lender consent
- Term-out option to convert outstanding loans into non-amortizing term loans due one year after initial maturity, subject to a 0.50% fee
- Interest rates based on Term SOFR plus margin of 0.48% to 0.925% depending on debt rating
- Facility fee of 0.020% to 0.075% per annum on total commitments
- Financial covenant: consolidated EBITDA to consolidated interest charges ratio of at least 3.00:1.00
- Proceeds for stock repurchases, acquisitions, capital expenditures, working capital, and other lawful corporate purposes
- Multicurrency borrowing feature in USD, EUR, GBP, and other approved currencies
Financial Impact
Routine credit facility establishment; no immediate financial impact beyond standard facility fees and interest costs.
Risk Factors
- None material from this filing; standard credit agreement covenants could constrain leverage if EBITDA declines significantly.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-294488 |
| Document: d112344d8k.htm | 0001193125-26-294488 |
| Document: 0001193125-26-294488-index-headers.html | 0001193125-26-294488 |
| Document: 0001193125-26-294488-index.html | 0001193125-26-294488 |
| Document: 0001193125-26-294488.txt | 0001193125-26-294488 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Insider Cluster | $361.25 $362.65 | ▲ +0.39% | ▲ +0.89% | $417.15 (+15.47%) |
Sep 9, 2026 23d ago | Insider Cluster | $361.25 $362.65 | ▲ +0.39% | ▲ +0.89% | $417.15 (+15.47%) |
Sep 9, 2026 23d ago | 8-K | $365.07 $362.04 | ▼ −0.83% | ▼ −0.17% | $417.15 (+14.27%) |
Sep 2, 2026 4w ago | Insider Cluster | $355.42 $361.25 | ▲ +1.64% | ▲ +2.60% | $417.15 (+17.37%) |
Aug 28, 2026 5w ago | Insider Cluster | $361.78 $362.25 | ▲ +0.13% | ▲ +0.02% | $417.15 (+15.30%) |
Aug 19, 2026 6w ago | 8-K | $373.26 $371.80 | ▼ −0.39% | ▼ −0.00% | $417.15 (+11.76%) |
Aug 9, 2026 7w ago | Institutional Cluster | $383.93 $390.28 | ▲ +1.66% | ▲ +1.70% | $417.15 (+8.65%) |
Aug 6, 2026 8w ago | Insider Cluster | $375.81 $380.89 | ▲ +1.35% | ▲ +0.14% | $417.15 (+11.00%) |
Jul 23, 2026 10w ago | Press Release | $371.86 $366.67 | ▲ +1.40% | ▲ +1.77% | $417.15 (−12.18%) |
Jul 14, 2026 11w ago | Insider Cluster | $392.75 $372.46 | ▼ −5.17% | ▼ −3.87% | $417.15 (+6.21%) |
US Market Status
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