Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ADTRAN Holdings, Inc. amended credit facility of $400.0 million with Wells Fargo Bank, National Association, as administrative agent.
- Instrument
- credit facility
- Principal
- $400.0 million
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent
- Event
- amendment
Exact text from the filing
Credit Parties will grant mortgages in favor of the Administrative Agent over certain owned real estate assets. The Credit Agreement continues to provide for borrowings of up to $400.0 million in aggregate principal amount, as well as an additional $50 million delayed draw term loan A tranche that would be available upon a Springing Covenant Event. It also continues to
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ADTRAN Holdings, Inc. amended Second Amendment to Credit Agreement and First Amendment to Collateral Agreement with Wells Fargo Bank, National Association valued at Credit Agreement provides for borrowings of up to $400.0 million in aggregate principal amount, as w (effective 2023-01-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- Credit Agreement provides for borrowings of up to $400.0 million in aggregate principal amount, as w
- Effective
- 2023-01-16
Exact text from the filing
On January 16, 2023, ADTRAN Holdings, Inc. (the "Company"), its wholly-owned direct subsidiary, ADTRAN, Inc. (the "Borrower"), the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent (the "Administrative Agent"), entered into a Second Amendment to Credit Agreement and First Amendment to Collateral Agreement (the "Amendment")
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