Entegris Amends Credit Agreement, Adds New Revolving Facility

An update from Entegris ( (ENTG) ) is now available.

On April 29, 2026, Entegris and certain subsidiaries entered into a fourth amendment to their existing credit and guaranty agreement, establishing a new five-year senior secured revolving credit facility totaling $750 million that matures on April 29, 2031, with a springing maturity tied to other outstanding debt levels. The amended facility includes tiered interest margins and commitment fees based on Entegris’ first lien net leverage ratio, maintains a maximum first lien net leverage covenant of 5.20 to 1.00, preserves guarantees and collateral coverage from key subsidiaries, and incorporates updated restrictions on additional indebtedness, liens, asset sales, acquisitions, investments, and dividends.

Prior to the amendment becoming effective, Entegris prepaid a portion of its term loans so that $400 million of term debt remains outstanding under the amended agreement, which continues to be subject to customary events of default that could trigger acceleration and termination of lending commitments. The revised structure provides Entegris with substantial committed liquidity and operational flexibility while preserving lender protections, reinforcing its access to capital amid ongoing relationships with a syndicate of financial institutions that have historically provided advisory, banking, and other financial services to the company.

The most recent analyst rating on (ENTG) stock is a Buy with a $185.00 price target. To see the full list of analyst forecasts on Entegris stock, see the ENTG Stock Forecast page.

Spark’s Take on ENTG Stock

According to Spark, TipRanks’ AI Analyst, ENTG is a Neutral.

ENTG scores in the mid-60s primarily due to strong recent cash generation and supportive earnings-call guidance, reinforced by a solid technical uptrend. These positives are tempered by expensive valuation and the fundamental risks of margin compression, weakening recent growth, and still-elevated leverage.

To see Spark’s full report on ENTG stock, click here.

More about Entegris

Entegris, Inc. is a Delaware-based company that operates through various subsidiaries and finances its activities via syndicated credit facilities arranged with major institutional lenders. The company’s capital structure includes term loans and a senior secured revolving credit facility, supported by guarantees from certain subsidiaries and secured by liens on substantially all of its and its guarantors’ assets.

Average Trading Volume: 2,729,796

Technical Sentiment Signal: Buy

Current Market Cap: $23.82B

Find detailed analytics on ENTG stock on TipRanks’ Stock Analysis page.