secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001193125-23-028386
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000119312523028386/0001193125-23-028386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000119312523028386/d391534d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-028386

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