10-Q/APeriod: Q1 FY2003

ENTEGRIS INC Quarterly Report (Amendment) for Q1 Ended Mar 1, 2003

Filed October 24, 2003For Securities:ENTG

Summary

This 10-Q filing for Entegris Inc. (ENTG) as of October 24, 2003, primarily details significant business transactions and related agreements. Investors should note the inclusion of the Asset Purchase Agreement for the Wafer and Reticle Carrier Business of Asyst Technologies, Inc., which signifies a material expansion or integration of Entegris's operations. This acquisition, along with associated patent and license agreements, suggests strategic growth and potential synergies within the semiconductor materials market. The filing also updates information on Entegris's credit facilities, detailing several amendments to its Credit Agreement originally dated November 30, 1999. These amendments, including those from October 2000, March 2002, February 2003, and another in February 2003, indicate ongoing management of the company's debt structure and financing arrangements. Investors should review these agreements to understand the company's leverage and its financial flexibility.

Key Highlights

  • 1Entegris Inc. has entered into an Asset Purchase Agreement for the Wafer and Reticle Carrier Business of Asyst Technologies, Inc., indicating a significant business acquisition.
  • 2Key intellectual property and licensing agreements related to the Asyst Technologies acquisition are included as exhibits.
  • 3The company has executed multiple amendments to its primary Credit Agreement dated November 30, 1999, reflecting changes in its debt structure and financing.
  • 4Amendments to the Credit Agreement date as far back as August 2000 and as recently as February 2003, showing active management of its debt.
  • 5The filing lists several amendments and consent agreements related to its credit facilities, providing transparency on its borrowing arrangements.
  • 6The exhibits suggest ongoing strategic M&A activity and diligent management of the company's financial obligations.

Frequently Asked Questions

The primary focus of the 'Other Information' section in this filing is to disclose material agreements and exhibits. This includes a significant asset purchase of a business line from Asyst Technologies, Inc., and various amendments to Entegris's credit agreements.

The Asset Purchase Agreement signifies a material business transaction for Entegris, likely involving the acquisition of assets related to the Wafer and Reticle Carrier Business. This could lead to increased market share, expanded product offerings, or integration of new technologies.

Entegris has actively managed its debt financing by entering into several amendments and consent agreements to its Credit Agreement, originally dated November 30, 1999. These amendments, occurring periodically between 2000 and 2003, suggest adjustments to terms, covenants, or amounts related to its borrowing.

While not explicitly detailing legal or regulatory proceedings, the filing discloses significant business contracts and financing agreements. The inclusion of patent and license agreements alongside the asset purchase suggests potential implications for intellectual property rights and their associated legal frameworks.