Sanmina enters new $800M revolver and $350M term loan, repays $318M existing term loan

SANMINA CORP

Fifth Amended and Restated Credit Agreement dated Sept 27, 2022, replaces existing 2018 facility.
Revolving facility of $800M (incl. $100M LC sublimit) and $350M term loan fully drawn at close; maturity Sept 2027.
Proceeds of term loan used to repay $318M existing term loan; balance for working capital and general corporate purposes.
Interest rate based on Term SOFR or base rate plus spread (currently 1.375% for Term SOFR, 0.375% for base rate).
Credit agreement includes financial covenants (min. interest coverage, max. leverage) and customary negative covenants.

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