8-K filed October 31, 2025, 7:59 PM ET ticker SANM CIK 0000897723

M&A confidence high sentiment neutral materiality 0.85

Sanmina completes $2.55B acquisition of ZT Systems from AMD; funds with $2.2B in new debt

SANMINA CORP

Total consideration: $2.4B cash + 1,151,052 Sanmina shares (~$150M) + up to $450M contingent earn-out.
Funded by $1.4B Term Loan A and $800M Term Loan B drawn under amended $3.5B credit agreement.
ZT Systems is a provider of AI and general-purpose compute infrastructure for hyperscale customers.
Previous $1.5B revolving / $2.0B term loan A credit agreement refinanced and terminated upon closing.
Contingent consideration up to $450M payable if certain financial metrics achieved over three years post-close.

item 1.01 item 2.01 item 1.02 item 2.03 item 3.02 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001104659-25-104927
form_type: 8-K
ticker: SANM
cik: 0000897723
company_name: SANMINA CORP
filed_at: 2025-10-31T23:59:59+00:00
discovered_at: 2026-05-14T18:02:42.538386+00:00
generated_at: 2026-05-17T01:11:37.016332+00:00
sec_items: ["1.01", "2.01", "1.02", "2.03", "3.02", "9.01"]
event_type: m_and_a
sentiment: neutral
materiality_score: 0.85
calibrated_materiality_score: 0.85
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Source-grounded claims

d797cc266b1c6c143ebc96cc9e42ace26008f089

SANMINA CORP incurred term loan of $1.4 billion in borrowings under the Term Loan A Facility at a term SOFR-based rate plus an applicable margin or (b) a base rate plus an appl.

the Company incurred indebtedness under the Credit Agreement as follows: (i) $1.4 billion in borrowings under the Term Loan A Facility and (ii) $800 million in borrowings under the Term Loan B Facility.

SEC 8-K Item 2.03/2.04 confidence 0.95 SEC evidence

e7535177c6009a0633705e8235877419fb283bcd

SANMINA CORP completed an acquisition involving AMD Design, LLC for cash consideration of $2.4 billion and 1,151,052 shares of Sanmina common stock representing an aggregate value of $150 million (closed 2025-10-27).

there are no material relationships between Sanmina and the Seller or its affiliates. The aggregate consideration payable at closing consisted of (i) cash consideration of $2.4 billion, subject to adjustments for closing cash, closing indebtedness, closing expenses and net working capital relative to a target amount as provided in the Purchase Agreement and

SEC 8-K Item 2.01/5.01 confidence 0.9 SEC evidence

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the Company incurred indebtedness under the Credit Agreement as follows: (i) $1.4 billion in borrowings under the Term Loan A Facility and (ii) $800 million in borrowings under the Term Loan B Facility.

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the Company incurred indebtedness under the Credit Agreement as follows: (i) $1.4 billion in borrowings under the Term Loan A Facility and (ii) $800 million in borrowings under the Term Loan B Facility.

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there are no material relationships between Sanmina and the Seller or its affiliates. The aggregate consideration payable at closing consisted of (i) cash consideration of $2.4 billion, subject to adjustments for closing cash, closing indebtedness, closing expenses and net working capital relative to a target amount as provided in the Purchase Agreement and

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there are no material relationships between Sanmina and the Seller or its affiliates. The aggregate consideration payable at closing consisted of (i) cash consideration of $2.4 billion, subject to adjustments for closing cash, closing indebtedness, closing expenses and net working capital relative to a target amount as provided in the Purchase Agreement and

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Source: SEC EDGAR

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