Company newsForm 8-K
Sandisk SNDK
Sandisk amends loan agreement with $1.5 billion revolving credit facility
The facility matures September 9, 2031, with no amortization.
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On September 9, 2026, Sandisk entered into Amendment No. 1 to its loan agreement dated February 21, 2025, with Sandisk Technologies, Inc. and JPMorgan Chase Bank, N.A. as administrative agent. The amendment provides a $1.5 billion revolving credit facility whose commitments refinanced in full the prior revolving commitments under the loan agreement. Subject to certain conditions, the amendment provides for release of collateral and guarantees securing the loan agreement obligations upon Sandisk achieving certain investment grade corporate family ratings.
Key facts
- Revolving commitments
- $1.5 billion
- Maturity
- September 9, 2031
- U.S. dollar margin
- 1.375% over Adjusted Term SOFR or Adjusted Daily Simple SOFR, or 0.375% over base rate, subject to step-ups and step-downs
- Commitment fee on undrawn commitments
- 0.175% per annum, subject to step-ups and step-downs
Source: Form 8-K filed September 11, 2026.
Written by GetSignal with AI from the company's SEC filing.
Not investment advice.
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