{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-071964","form_type":"8-K","ticker":"SANM","cik":"0000897723","company_name":"SANMINA CORP","filed_at":"2025-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.640084+00:00","generated_at":"2026-05-17T23:26:02.880390+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sanmina enters $3.5B credit agreement to finance ZT Group acquisition","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-071964","json":"https://secwatch.observer/filing/0001104659-25-071964.json","markdown":"https://secwatch.observer/filing/0001104659-25-071964.md","text":"https://secwatch.observer/filing/0001104659-25-071964.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/897723/000110465925071964/0001104659-25-071964-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/897723/000110465925071964/tm2522057d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:26:02.880390+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e2268479987278e5e8bc5c2fd63ad00d273f13c1","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/897723/000110465925071964/0001104659-25-071964-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$3.5 billion"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, and the lenders party thereto"},{"label":"Rate","value":"term SOFR-based rate plus an applicable margin ranging from 1.375% to 2.000%"},{"label":"Maturity","value":"five years from the Initial Funding Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}