BENCHMARK ELECTRONICS INC (BHE): debt financing — 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.

Key facts

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 incurred credit facility of $700 million with Bank of America, N.A., as Administrative Agent, Swingline Lender and an L/C Issuer at Term SOFR plus the Applicable Rate (approximately 1.00% to 2.125% per annum) maturing June 27, 2030.

Instrument: credit facility
Principal: $700 million
Counterparty: Bank of America, N.A., as Administrative Agent, Swingline Lender and an L/C Issuer
Rate: Term SOFR plus the Applicable Rate (approximately 1.00% to 2.125% per annum)
Maturity: June 27, 2030
Event: incurrence

Exact text from the filing

On June 27, 2025, Benchmark Electronics, Inc. (the “Company”) entered into a $700 million second amended and restated credit agreement (the “Second Amended and Restated Credit Agreement”) 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 an L/C Issuer (“Bank of America”).

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Source: SEC EDGAR

accession 0000950170-25-091542

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