SanDisk amends loan pact, refinancing USD 1.5 billion revolving credit facility led by JPMorgan Chase
SNDK•SanDisk refinances revolving credit facility
SanDisk entered Amendment No. 1 to its loan agreement on Sept. 9, 2026 with lenders led by JPMorgan Chase as administrative agent.
Amendment refinanced the prior revolver with a USD 1.5 billion revolving credit facility maturing Sept. 9, 2031, with no amortization.
USD borrowings are priced at adjusted SOFR plus 1.375% or base rate plus 0.375%, with margins tied to leverage or ratings.
Undrawn commitments carry a 0.175% fee; the facility permits borrowings in euros, yen, and other agreed currencies.
Collateral and guarantees may be released upon achieving investment-grade corporate family ratings, subject to conditions.
