WilmerHale represented Analog Devices, Inc. (“ADI”), a world leader in the design, manufacture, and marketing of a broad portfolio of high performance analog, mixed-signal, and digital signal processing integrated circuits, in the refinancing of its existing credit facility with Bank of America, N.A. in its capacity as administrative agent, and the other financial institutions party thereto pursuant to an amended and restated credit agreement (the “Credit Agreement”). 

The Credit Agreement provides for, among other things, a $2.5 billion sustainability-linked senior revolving credit facility, with half of the $2.5 billion to become available upon the consummation of ADI’s acquisition of Maxim Integrated Products, Inc., and an extension of the maturity date to June 23, 2026. Under the terms of the Credit Agreement, ADI will receive a sustainability-linked pricing adjustment based on its performance against environmental criteria during the Credit Agreement’s five-year term. ADI’s progress will be measured on two key performance indicators within ADI’s main manufacturing facilities, namely using renewable energy and reducing greenhouse gas emissions. The Credit Agreement closed on June 23, 2021. 

The team representing ADI consisted of Justin Ochs, Erika Robinson, Rob Isham and Lorri Strizich, with support from Julie Hogan Rodgers. 

For more information, read ADI’s press release.