secwatch.observer — SEC 8-K summary
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Issuer:     PLEXUS CORP (PLXS)
CIK:        0000785786
Form:       8-K
Filed at:   2022-06-13T23:59:59+00:00
Accession:  0000785786-22-000061
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plexus enters $500M revolving credit facility, maturity June 2027
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- New $500M revolver (expandable to $750M) replaces existing credit agreement; matures June 9, 2027.
- Interest margins based on consolidated leverage ratio; commitment fee 10-25 bps on unused portion.
- Financial covenants: interest coverage >= 3.00x, leverage <= 3.50x (temporarily 4.00x for acquisitions).
- Borrowings available in USD, EUR, GBP at SOFR/EURIBOR/Daily Simple RFR plus applicable margin.
- Admin agent: JPMorgan; syndication agent: U.S. Bank; co-documentation agents include PNC, BofA, MUFG, HSBC, Bank of the West, Wells Fargo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785786/000078578622000061/0000785786-22-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785786/000078578622000061/plxs-20220609.htm
  HTML page:      https://secwatch.observer/filing/0000785786-22-000061

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