Teradata enters new $400M unsecured revolver, repays prior term loan, replaces 2022 credit agreement

TERADATA CORP /DE/

New $400M revolving credit facility with Bank of America as Administrative Agent; maturity June 24, 2031, extendable up to two years.
Facility includes $50M sublimit for letters of credit and $50M sublimit for swingline loans; up to $200M increase option.
Teradata repaid in full the term loan outstanding under the prior 2022 credit agreement with JPMorgan Chase.
Interest margins range 0.00%-0.500% for base rate and 1.000%-1.500% for other borrowings, based on leverage ratio.
Prior agreement's sustainability features removed; new facility contains customary covenants including leverage ratio maintenance.

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