aeis_Ex10_6



		

			[Citi Logo]

		


		

			 

		





		
			Exhibit 10.6
		

		
			 
		

		
			From:
		

		
			Citibank, N.A.
		

		
			Confirmations Unit
		

		
			390 Greenwich Street – 5th Floor
		

		
			New York, NY 10013 USA
		

		
			 
		

		
			LEI: E57ODZWZ7FF32TWEFA76
		

		
			 
		

		
			To:
		

		
			Advanced Energy Industries, Inc.
		

		
			 
		

			
					
						Date

					
					
						:  April 9, 2020

				
	
					
						 

					
					
						 

				
	
					
						Our Reference

					
					
						:  C47419468000

				



		
			 
		

		
			 
		

		
			RATE SWAP TRANSACTION CONFIRMATION
		

		
			 
		

		
			Dear Sir or Madam,
		

		
			The purpose of this agreement (this "Confirmation") is to confirm the terms and conditions of the Swap Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a "Confirmation" as referred to in the ISDA Master Agreement specified below.
		

		
			The definitions and provisions contained in the 2006 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc. (the "Definitions") are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern.
		

		
			This Confirmation supplements, forms part of and is subject to the ISDA 2002 Master Agreement dated as of April 7, 2020, as amended and supplemented from time to time (the "Agreement"), between Citibank, N.A. ("Party A") and Advanced Energy Industries, Inc. ("Party B"). All provisions contained in or incorporated by reference in the Agreement govern this Confirmation except as expressly modified below.
		

		
			 
		

		
			The terms of the particular Swap Transaction to which this Confirmation relates are as follows:
		

		
			 
		

			
					
						Trade Date

					
					
						:  7 April 2020

				
	
					
						 

					
					
						 

				
	
					
						Effective Date

					
					
						:  9 April 2020

				
	
					
						 

					
					
						 

				
	
					
						Termination Date

					
					
						:  10 September 2024,  subject to adjustment in accordance with Modified Following Business Day Convention

				



		
			 
		

		
			Fixed Amount
		

		
			 
		

			
					
						Fixed Rate Payer

					
					
						:  Party B

				



		
			 
		

		
			
		

		
			


		 


		

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						Deal No: 83814443, Deal


					

						Alias: C47419468000, ID:


					

						29699917(1-1)


				




		

			 

		








		

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						Fixed Rate Payer Notional Amount

					
					
						:  As set forth in Exhibit I, which is attached hereto and incorporated by reference into this Confirmation

				
	
					
						 

					
					
						 

				
	
					
						Fixed Rate Initial Calculation Period

					
					
						:  From the Effective Date till 30 April 2020

				
	
					
						 

					
					
						 

				
	
					
						Fixed Rate Payer Payment Dates

					
					
						:  The last day of each month, commencing on 30 April 2020 and ending on the Termination Date, subject to adjustment in accordance with Modified Following Business Day Convention.

				
	
					
						 

					
					
						 

				
	
					
						Fixed Rate

					
					
						:  0.5440000 percent

				
	
					
						 

					
					
						 

				
	
					
						Fixed Rate Payer Fixed Rate Day

					
					
						 

				
	
					
						Count Fraction

					
					
						:  Actual/360

				
	
					
						 

					
					
						 

				
	
					
						Business Days

					
					
						:  New York and London

				
	
					
						 

					
					
						 

				
	
					
						Floating Amounts

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Floating Rate Payer

					
					
						:  Party A

				
	
					
						 

					
					
						 

				
	
					
						Floating Rate Payer Notional Amount

					
					
						:  As set forth in Exhibit I, which is attached hereto and incorporated by  reference into this Confirmation

				
	
					
						 

					
					
						 

				
	
					
						Floating Rate Payer Payment Dates

					
					
						:  The last day of each month, commencing on 30 April 2020 and ending on the Termination Date, subject to adjustment in accordance with Modified Following Business Day Convention.

				
	
					
						 

					
					
						 

				
	
					
						Floating Rate Initial Calculation Period

					
					
						:  From the Effective Date till 30 April 2020

				
	
					
						 

					
					
						 

				
	
					
						Floating Rate for initial Calculation

					
					
						 

				
	
					
						Period (excluding Spread)

					
					
						:  0.8635 percent (net)

				
	
					
						 

					
					
						 

				
	
					
						Relevant Rate:

					
					
						:  USD-LIBOR-BBA

				
	
					
						 

					
					
						 

				
	
					
						Designated Maturity

					
					
						:  1 month

				
	
					
						 

					
					
						 

				
	
					
						Spread

					
					
						:  None

				
	
					
						 

					
					
						 

				
	
					
						Reset Dates

					
					
						:  The first day of each Calculation Period

				
	
					
						 

					
					
						 

				
	
					
						Floating Rate Payer Day Count Fraction

					
					
						:  Actual/360

				
	
					
						 

					
					
						 

				
	
					
						Compounding

					
					
						:  Inapplicable

				
	
					
						 

					
					
						 

				
	
					
						Business Days

					
					
						:  New York and London

				
	
					
						 

					
					
						 

				
	
					
						Calculation Agent

					
					
						:  Party A or as otherwise specified in the Agreement

				



		
			 
		

		
			
		

		
			


		 


		

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						Deal No: 83814443, Deal


					

						Alias: C47419468000, ID:


					

						29699917(1-1)


				




		

			 

		








		

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			Office(s):
		

		
			 
		

		
			The office of Party A for the Swap Transaction is New York
		

		
			 
		

		
			Account Details:
		

		
			 
		

		
			In USD
		

		
			 
		

			
					
						Citibank, N.A

					
					
						:  As per Standard Settlement Instruction, or as otherwise advised separately.

				
	
					
						 

					
					
						 

				
	
					
						Advanced Energy Industries, Inc.

					
					
						:  As per Standard Settlement Instruction, or as otherwise advised separately.

				



		
			 
		

		
			 
		

		
			Please confirm that the forgoing correctly sets forth the terms of our agreement by having an authorized officer sign this Confirmation and return it via email to:
		

		
			Citibank, N.A.
		

		
			nyfiderivconfirms@citi.com
		

		
			Please direct all settlement inquiries to:
		

		
			Citibank, N.A.
		

		
			otcderivfisetts.nam@citi.com
		

		
			
		

		
			


		 


		

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						Deal No: 83814443, Deal


					

						Alias: C47419468000, ID:


					

						29699917(1-1)


				




		

			 

		








		

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			Citibank, N.A.
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Don Merritt

				
	
					
						 

					
					
						 

				
	
					
						Name

					
					
						Merritt, Donald

				
	
					
						Title

					
					
						Vice President

				



		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Advanced Energy Industries, Inc.

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Chris Hanson

				
	
					
						 

					
					
						 

				
	
					
						Name

					
					
						Chris Hanson

				
	
					
						Title

					
					
						VP Treasurer

				



		
			 
		

		
			
		

		
			


		 


		

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						Deal No: 83814443, Deal


					

						Alias: C47419468000, ID:


					

						29699917(1-1)


				




		

			 

		








		

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			EXHIBIT I
		

		
			 
		

			
					
						For the Calculation Periods

					
					
						Notional Amount (USD)

				
	
					
						From and Including*

					
					
						To but Excluding*

				
	
					
						The Effective Date

					
					
						30-Apr-20

					
					
						143,171,875

				
	
					
						30-Apr-20

					
					
						31-May-20

					
					
						143,171,875

				
	
					
						31-May-20

					
					
						30-Jun-20

					
					
						143,171,875

				
	
					
						30-Jun-20

					
					
						31-Jul-20

					
					
						140,984,375

				
	
					
						31-Jul-20

					
					
						31-Aug-20

					
					
						140,984,375

				
	
					
						31-Aug-20

					
					
						30-Sep-20

					
					
						140,984,375

				
	
					
						30-Sep-20

					
					
						31-Oct-20

					
					
						138,796,875

				
	
					
						31-Oct-20

					
					
						30-Nov-20

					
					
						138,796,875

				
	
					
						30-Nov-20

					
					
						31-Dec-20

					
					
						138,796,875

				
	
					
						31-Dec-20

					
					
						31-Jan-21

					
					
						136,609,375

				
	
					
						31-Jan-21

					
					
						28-Feb-21

					
					
						136,609,375

				
	
					
						28-Feb-21

					
					
						31-Mar-21

					
					
						136,609,375

				
	
					
						31-Mar-21

					
					
						30-Apr-21

					
					
						134,421,875

				
	
					
						30-Apr-21

					
					
						31-May-21

					
					
						134,421,875

				
	
					
						31-May-21

					
					
						30-Jun-21

					
					
						134,421,875

				
	
					
						30-Jun-21

					
					
						31-Jul-21

					
					
						132,234,375

				
	
					
						31-Jul-21

					
					
						31-Aug-21

					
					
						132,234,375

				
	
					
						31-Aug-21

					
					
						30-Sep-21

					
					
						132,234,375

				
	
					
						30-Sep-21

					
					
						31-Oct-21

					
					
						130,046,875

				
	
					
						31-Oct-21

					
					
						30-Nov-21

					
					
						130,046,875

				
	
					
						30-Nov-21

					
					
						31-Dec-21

					
					
						130,046,875

				
	
					
						31-Dec-21

					
					
						31-Jan-22

					
					
						127,859,375

				
	
					
						31-Jan-22

					
					
						28-Feb-22

					
					
						127,859,375

				
	
					
						28-Feb-22

					
					
						31-Mar-22

					
					
						127,859,375

				
	
					
						31-Mar-22

					
					
						30-Apr-22

					
					
						125,671,875

				
	
					
						30-Apr-22

					
					
						31-May-22

					
					
						125,671,875

				



		
			
		

		
			


		 


		

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						Deal No: 83814443, Deal


					

						Alias: C47419468000, ID:


					

						29699917(1-1)


				




		

			 

		








		

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						31-May-22

					
					
						30-Jun-22

					
					
						125,671,875

				
	
					
						30-Jun-22

					
					
						31-Jul-22

					
					
						123,484,375

				
	
					
						31-Jul-22

					
					
						31-Aug-22

					
					
						123,484,375

				
	
					
						31-Aug-22

					
					
						30-Sep-22

					
					
						123,484,375

				
	
					
						30-Sep-22

					
					
						31-Oct-22

					
					
						121,296,875

				
	
					
						31-Oct-22

					
					
						30-Nov-22

					
					
						121,296,875

				
	
					
						30-Nov-22

					
					
						31-Dec-22

					
					
						121,296,875

				
	
					
						31-Dec-22

					
					
						31-Jan-23

					
					
						119,109,375

				
	
					
						31-Jan-23

					
					
						28-Feb-23

					
					
						119,109,375

				
	
					
						28-Feb-23

					
					
						31-Mar-23

					
					
						119,109,375

				
	
					
						31-Mar-23

					
					
						30-Apr-23

					
					
						116,921,875

				
	
					
						30-Apr-23

					
					
						31-May-23

					
					
						116,921,875

				
	
					
						31-May-23

					
					
						30-Jun-23

					
					
						116,921,875

				
	
					
						30-Jun-23

					
					
						31-Jul-23

					
					
						114,734,375

				
	
					
						31-Jul-23

					
					
						31-Aug-23

					
					
						114,734,375

				
	
					
						31-Aug-23

					
					
						30-Sep-23

					
					
						114,734,375

				
	
					
						30-Sep-23

					
					
						31-Oct-23

					
					
						112,546,875

				
	
					
						31-Oct-23

					
					
						30-Nov-23

					
					
						112,546,875

				
	
					
						30-Nov-23

					
					
						31-Dec-23

					
					
						112,546,875

				
	
					
						31-Dec-23

					
					
						31-Jan-24

					
					
						110,359,375

				
	
					
						31-Jan-24

					
					
						29-Feb-24

					
					
						110,359,375

				
	
					
						29-Feb-24

					
					
						31-Mar-24

					
					
						110,359,375

				
	
					
						31-Mar-24

					
					
						30-Apr-24

					
					
						108,171,875

				
	
					
						30-Apr-24

					
					
						31-May-24

					
					
						108,171,875

				
	
					
						31-May-24

					
					
						30-Jun-24

					
					
						108,171,875

				
	
					
						30-Jun-24

					
					
						31-Jul-24

					
					
						105,984,375

				
	
					
						31-Jul-24

					
					
						31-Aug-24

					
					
						105,984,375

				
	
					
						31-Aug-24

					
					
						The Termination Date

					
					
						105,984,375

				



		
			 
		

		
			* All dates listed above, with the exception of the Effective Date, are subject to adjustment in accordance with the Modified Following Business Day Convention.
		

		
			 
		

		
			 
		


		 


		

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						Deal No: 83814443, Deal


					

						Alias: C47419468000, ID:


					

						29699917(1-1)