Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SANMINA CORP incurred debt of $450 million with Truist Bank at forward-looking term rate based on the secured overnight financing rate plus a m.
- Principal
- $450 million
- Counterparty
- Truist Bank
- Rate
- forward-looking term rate based on the secured overnight financing rate plus a m
- Event
- incurrence
Exact text from the filing
ime party thereto (collectively, the “Sellers”), the Company, as guarantor, Truist Bank (“Truist”) and each other buyer from time to time party thereto (collectively, the “Buyers”), and Truist, as administrative agent.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SANMINA CORP terminated MUFG Receivables Purchase Agreement with MUFG Bank, Ltd. (effective 2023-09-22).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- MUFG Bank, Ltd.
- Effective
- 2023-09-22
Exact text from the filing
Under the Receivables Purchase Agreement, dated as of March 26, 2018 (as amended, restated, supplemented, assigned or otherwise modified from time to time, the “MUFG Receivables Purchase Agreement”), by and among the Company, the sellers and buyers from time to time party thereto, and MUFG Bank, Ltd., as administrative agent, the buyers or the sellers thereto may terminate the MUFG Receivables Purchase Agreement for convenience at any time by thirty (30) days’ prior written notice to the other parties.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
SANMINA CORP entered into Truist Receivables Purchase Agreement with Truist Bank valued at $450 million (effective 2023-08-31).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Truist Bank
- Value
- $450 million
- Effective
- 2023-08-31
Exact text from the filing
On August 31, 2023, Sanmina Corporation (the “Company”) entered into a Receivables Purchase Agreement (the “Truist Receivables Purchase Agreement”), by and among the Company, Sanmina-SCI Systems Singapore Pte. Ltd., Sanmina-SCI Systems (Malaysia) Sdn. Bhd. and any other seller from time to time party thereto (collectively, the “Sellers”), the Company, as guarantor, Truist Bank (“Truist”) and each other buyer from time to time party thereto (collectively, the “Buyers”), and Truist, as administrative agent.
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