8-KThe WireStrategic
New Debt / Obligation
Filed Mar 23, 2020 · 6y ago · Accession 0001193125-20-082684
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 23, 2020
Applied Materials, Inc.
(Exact name of registrant as specified in its charter)
Delaware
000-06920
94-1655526
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
3050 Bowers Avenue
P.O. Box 58039
Santa Clara , CA 95052-8039
(Address of principal executive offices)
Registrant’s telephone number, including area code: (408) 727-5555
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading
Symbol
Name of Each Exchange
on Which Registered
Common Stock, par value $.01 per share
AMAT
The NASDAQ Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
As previously disclosed, Applied Materials, Inc. (“Applied”) entered into a credit agreement, dated as of February 21, 2020 (the “Credit Agreement”), with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto. The Credit Agreement provides for a revolving credit facility of $1.5 billion. The maturity date of the Credit Agreement is February 21, 2025 and Applied may repay amounts borrowed at any time. The material terms of the Credit Agreement are described in Applied’s Form 8-K filed with the Securities and Exchange Commission on February 21, 2020, which description is incorporated by reference herein.
On March 23, 2020, Applied provided notice to the Administrative Agent to borrow the full $1.5 billion available under the Credit Agreement. Applied borrowed under the Credit Agreement as a precautionary measure in order to increase its cash position and preserve financial flexibility in light of current uncertainty in the global markets resulting from the COVID-19 outbreak. The proceeds borrowed will initially be held on Applied’s balance sheet and will be available to be used for general corporate purposes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Applied Materials, Inc.
(Registrant)
Dated: March 23, 2020
By:
/s/ Christina Y. Lai
Christina Y. Lai
Corporate Secretary
Filing details
- Company
- APPLIED MATERIALS INC /DE
- Ticker
- AMAT
- CIK
- 6951
- Form type
- 8-K
- Filing date
- Mar 23, 2020
- Report date
- Mar 23, 2020
- Document
- d854273d8k.htm
- Size
- 145 KB