---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-028386"
form_type: "8-K"
ticker: "ADTN"
cik: "0000926282"
company_name: "ADTRAN Holdings, Inc."
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T22:18:05.057290+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ADTRAN subsidiary ADVA terminates €65M loan, repays €33M with $120M Wells Fargo draw

## Summary
- ADVA terminated a €65M term loan and €10M revolver agreement with Bayerische Landesbank and Deutsche Bank Luxembourg.
- Outstanding principal of €33M was repaid using $120M drawn under ADTRAN's Wells Fargo Credit Agreement, increasing total borrowings to $187.5M.
- The credit facilities had been due to mature in September 2023; early termination incurred €18.2K in penalties.
- Interest rates were EURIBOR + 1.35% (term loan) and EURIBOR + 1.0% (revolver) as of Dec 31, 2022.

## SEC filing metadata
- accession: 0001193125-23-028386
- form_type: 8-K
- ticker: ADTN
- cik: 0000926282
- company_name: ADTRAN Holdings, Inc.
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/926282/000119312523028386/0001193125-23-028386-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/926282/000119312523028386/d391534d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-028386
- JSON: https://secwatch.observer/filing/0001193125-23-028386.json
- Plain text: https://secwatch.observer/filing/0001193125-23-028386.txt

## Key facts
- Material Agreements
  ADTRAN Holdings, Inc. terminated Loan Agreement with Bayerische Landesbank, and Deutsche Bank Luxembourg S.A. valued at €65.0 million term loan and a revolving credit facility of credit of €10 million (effective 2023-02-06).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Bayerische Landesbank, and Deutsche Bank Luxembourg S.A.
  - Value: €65.0 million term loan and a revolving credit facility of credit of €10 million
  - Effective: 2023-02-06
  source text: On February 6, 2023, ADVA Optical Networking SE (“ADVA”), a subsidiary of ADTRAN Holdings, Inc. (the “Company”), terminated the Loan Agreement, dated September 25, 2018, by and among ADVA, Bayerische Landesbank, and Deutsche Bank Luxembourg S.A. (the “Loan Agreement”), which had provided ADVA with a term loan of €65.0 million and a revolving credit facility of credit of €10 million (collectively, the “credit facilities”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/926282/000119312523028386/0001193125-23-028386-index.htm

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