Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BENCHMARK ELECTRONICS INC amended revolving credit of $550 million with Bank of America, N.A. at Term Secured Overnight Financing Rate (SOFR) plus 0.10% plus the Applicable Rate maturing December 21, 2026.
- Instrument
- revolving credit
- Principal
- $550 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term Secured Overnight Financing Rate (SOFR) plus 0.10% plus the Applicable Rate
- Maturity
- December 21, 2026
- Event
- amendment
Exact text from the filing
Amendment No. 3 increased the Revolving Credit Facility commitments from $450 million to $550 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BENCHMARK ELECTRONICS INC amended Amendment No. 3 with Bank of America, N.A. and the lenders party thereto valued at increased commitments from $450 million to $550 million (effective 2023-05-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A. and the lenders party thereto
- Value
- increased commitments from $450 million to $550 million
- Effective
- 2023-05-01
Exact text from the filing
On May 1, 2023, Benchmark Electronics, Inc. (the “Company”) entered into Amendment No. 3 (the "Amendment") to the amended and restated credit agreement (as amended, the "Credit Agreement") dated December 21, 2021 by and among the Company, certain of its subsidiaries (the “Guarantors”), the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer.
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