Form 8-K · Current report
Sandisk 8-K, filed Sep 11, 2026
- Filed
- CIK
- 0002023554
- Accession no.
- 0001193125-26-389293
Summary
Sandisk entered into Amendment No. 1 to its February 2025 loan agreement with JPMorgan Chase Bank, N.A. as administrative agent, creating a $1.5 billion revolving credit facility that refinances the prior revolver in full and matures September 9, 2031.
Key points
- Borrowings bear interest at the Adjusted Term SOFR or Adjusted Daily Simple SOFR rate plus 1.375% per annum, or a base rate plus 0.375% per annum, each subject to step-ups and step-downs based on Sandisk's net leverage ratio or corporate family ratings.
- Sandisk will pay a commitment fee of 0.175% per annum on undrawn revolving commitments, and the facility also allows borrowings in Euros, Yen and other agreed currencies.
- Obligations are guaranteed by Sandisk Technologies and secured by the assets of the company and Sandisk Technologies, with the collateral and guarantees to be released upon the company achieving certain investment-grade corporate family ratings.
- The loan agreement includes a financial covenant limiting the leverage ratio and restricts indebtedness, liens, mergers, asset disposals, dividends, investments and affiliate transactions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry Into a Material Definitive Agreement. On September 9, 2026, Sandisk Corporation (“SDC” or the “Company”) entered into Amendment No. 1 (“Amendment No. 1”) by and among the Company, Sandisk Technologies, Inc. (“SDT”), the banks and other financial institutions party thereto and JPMorgan Chase Bank, N.A., as administrative agent, to the Company’s Loan Agreement dated as of February 21, 2025 by and among the Company, the banks and other financial institutions party thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended, supplemented or otherwise modified as of the effective date of Amendment No. 1, including by Amendment No. 1, the “Loan Agreement”),. …
An excerpt of the text as filed with the SEC, cut for length.
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