Cypress Semiconductor entered into amendment No. 5 to its credit and guaranty agreement, dated April 7, 2017, with Morgan Stanley Senior Funding as administrative agent and collateral agent, and Morgan Stanley Bank as issuing bank.

The amendment reduced the applicable margin for certain term loans outstanding under the agreement. After giving effect to the amendment, the $100 million aggregate original principal amount of term loans borrowed in 2015 will bear interest, at the option of the company, at the base rate plus an applicable margin of 1.75% or the Eurodollar rate plus an applicable margin of 2.75%.