---
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"
generated_at: "2026-05-17T23:26:02.880390+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sanmina enters $3.5B credit agreement to finance ZT Group acquisition

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-071964
- JSON: https://secwatch.observer/filing/0001104659-25-071964.json
- Plain text: https://secwatch.observer/filing/0001104659-25-071964.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/897723/000110465925071964/0001104659-25-071964-index.htm

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