PHOTRONICS, INC. (NASDAQ:PLAB) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
Entry into Material Definitive Agreement.
PHOTRONICS, INC. (NASDAQ:PLAB) Files An 8-K Entry into a Material Definitive Agreement
On August 17, 2018, Photronics, Inc. (the “Company”) entered into Amendment No. 4 to the Third Amended and Restated Credit Agreement by and among the Company, the financial institutions listed on the pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and as Collateral Agent, under that certain Third Amended and Restated Credit Agreement dated as of December 5, 2013, by and among the Company, the Foreign Subsidiary Borrowers party thereto from time to time, the Lenders party thereto from time to time, the Collateral Agent and the Administrative Agent ( the “Credit Agreement”). Amendment No. 4 allows the Company to sell, transfer, lease or otherwise dispose of its assets to a Subsidiary Guarantor (as defined in the Credit Agreement).
About PHOTRONICS, INC. (NASDAQ:PLAB)
Photronics, Inc. is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. The Company supports customers across the full spectrum of integrated circuit (IC) production and flat panel display (FPD) technologies by manufacturing photomasks using electron beam or optical (laser-based) systems. The end markets served with IC photomasks include devices used for microprocessors, memory, telecommunications and related applications. The Company sells products to manufacturers in the semiconductor and FPD industries in North America, Europe and Asia. In the case of ICs, the Company includes photomasks at and below the 45 nanometer technology node and, for FPDs, at and above the Generation 8 technology node and active-matrix organic light-emitting diode display screens. The Company operates principally from over nine manufacturing facilities, which are located in Europe, Taiwan, Korea and the United States.
