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Recent Updates — SNDK

September 11, 2026View Source ↗

On September 9, 2026, Sandisk Corporation entered into Amendment No. 1 to its Loan Agreement with JPMorgan Chase Bank, N.A., as administrative agent. This amendment establishes a new $1,500 million revolving credit facility that fully refinances the outstanding commitments under the previous agreement. The facility matures on September 9, 2031, carries no amortization, and allows for borrowings in U.S. dollars, Euros, Yen, and other agreed currencies. Interest rates are based on Adjusted Term SOFR plus a margin of 1.375% or a base rate plus 0.375%, subject to adjustments based on leverage ratios or credit ratings. The company pays a 0.175% annual commitment fee on undrawn amounts. Obligations are secured by the assets of Sandisk Corporation and its subsidiary, Sandisk Technologies Inc., and include standard financial covenants restricting indebtedness, dividends, and asset dispositions. Sandisk Corporation operates in the semiconductor industry, specializing in flash memory storage solutions.