---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-098337"
form_type: "8-K"
ticker: "SANM"
cik: "0000897723"
company_name: "SANMINA CORP"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:18:43.665604+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sanmina enters $450M receivables purchase agreement with Truist; terminates MUFG facility

## Summary
- New $450M revolving receivables purchase agreement with Truist Bank, effective August 31, 2023.
- Company, as guarantor, and subsidiary sellers will sell receivables on a revolving basis; discount rate based on SOFR plus margin.
- MUFG Receivables Purchase Agreement terminated by Sanmina; effective September 22, 2023.
- No commitment for buyers to purchase; parties can terminate with 30/90 days' notice.

## SEC filing metadata
- accession: 0001104659-23-098337
- form_type: 8-K
- ticker: SANM
- cik: 0000897723
- company_name: SANMINA CORP
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897723/000110465923098337/0001104659-23-098337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897723/000110465923098337/tm2325425d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-098337
- JSON: https://secwatch.observer/filing/0001104659-23-098337.json
- Plain text: https://secwatch.observer/filing/0001104659-23-098337.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897723/000110465923098337/0001104659-23-098337-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897723/000110465923098337/0001104659-23-098337-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897723/000110465923098337/0001104659-23-098337-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.