secwatch.observer — SEC 8-K summary
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Issuer:     SANMINA CORP (SANM)
CIK:        0000897723
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001104659-25-071964
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897723/000110465925071964/0001104659-25-071964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897723/000110465925071964/tm2522057d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-071964

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