debt
confidence high
sentiment neutral
materiality 0.45
Benchmark Electronics enters $700M credit facility; upsizes and extends to 2030
BENCHMARK ELECTRONICS INC
- New $700M credit agreement: $550M revolver and $150M term loan, both maturing June 27, 2030.
- Replaces prior $681.25M facility; accordion feature permits additional $175M in commitments.
- Term loan amortizes quarterly: 0.625% of initial balance through June 2028, then 1.25%.
- Interest at Term SOFR + 1.00%–2.125% per annum (or base rate at company's option).
- Secured by domestic subsidiary equity and personal property; proceeds for general corporate purposes.
item 1.01item 2.03item 9.01