Cypress Semiconductor Corporation entered into the joinder agreement and sixth amendment to its credit and guaranty agreement with Morgan Stanley Senior Funding as administrative agent.

Pursuant to the joinder agreement and amendment, the company obtained an additional $91.25 million principal amount of term loans that were made a part of the tranche of term loans obtained by the company under the credit agreement on July 5, 2016.

The joinder agreement and amendment reduced the applicable margin for the 2016 term loans, which will bear interest at the base rate plus an applicable margin of 1.75% or the Eurodollar rate plus an applicable margin of 2.75%.