SANMINA CORP (SANM): debt financing — Sanmina enters $3.5B credit agreement to finance ZT Group acquisition

SANMINA CORP

Credit facilities consist of $1.5B revolver and $2.0B term loan A, with initial funding contingent on closing ZT Acquisition.
Expected interest rates: SOFR plus 1.75% margin (or base rate plus 0.75%) based on estimated leverage at funding.
Covenants include max total net leverage ratio of 4.00x and min cash interest coverage ratio of 3.00x.
Unfunded commitments subject to ticking fee of 0.25% per annum beginning 60 days after signing until funding or termination.
Obligations secured by first-priority liens on substantially all assets; existing credit agreement remains outstanding until funding.

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

SANMINA CORP incurred credit facility of $3.5 billion with Bank of America, N.A., as administrative agent, and the lenders party thereto at term SOFR-based rate plus an applicable margin ranging from 1.375% to 2.000% maturing five years from the Initial Funding Date.

Instrument: credit facility
Principal: $3.5 billion
Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
Rate: term SOFR-based rate plus an applicable margin ranging from 1.375% to 2.000%
Maturity: five years from the Initial Funding Date
Event: incurrence

Exact text from the filing

to certain documentary requirements in the Credit Agreement. The Credit Agreement provides for committed senior secured credit facilities in an aggregate principal amount of $3.5 billion (the “Credit Facilities”), consisting of a $1.5 billion revolving credit facility and a $2.0 billion term loan A facility. As of the Signing Date, the commitments under the

View on SEC.gov

Browse all debt financings →

SANMINA CORP filing history →

Source: SEC EDGAR

accession 0001104659-25-071964

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.