secwatch.observer — SEC 8-K summary
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Issuer:     SANMINA CORP (SANM)
CIK:        0000897723
Form:       8-K
Filed at:   2022-09-27T23:59:59+00:00
Accession:  0001104659-22-103307
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897723/000110465922103307/0001104659-22-103307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897723/000110465922103307/tm2226686d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-103307

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