secwatch.observer — SEC 8-K summary
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Issuer:     TERADATA CORP /DE/ (TDC)
CIK:        0000816761
Form:       8-K
Filed at:   2026-06-24T21:27:32+00:00
Accession:  0001140361-26-026267
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/816761/000114036126026267/0001140361-26-026267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/816761/000114036126026267/ef20076708_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-026267

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