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Applied Materials Inc. (AMAT) Strengthens Balance Sheet with $2B Credit Facility

Applied Materials Inc. (NASDAQ:AMAT) is one of the high-growth semiconductor stocks that are profitable in 2025. On September 26, the company secured a 2billionunsecuredrevolvingcreditfacility,withBankofAmericaservingastheadministrativeagent.AppliedMaterialsInc.(AMAT)StrengthensBalanceSheetwith2 billion unsecured revolving credit facility, with Bank of America serving as the administrative agent. Applied Materials Inc. (AMAT) Strengthens Balance Sheet with 2B Credit Facility The agreement paves the way for the company to borrow up to $2 billion at any given time. Additionally, there is a provision that allows the company to increase the facil ...