TERADYNE, INC (TER): debt financing — Teradyne borrows $185M under credit facility to fund 10% Technoprobe acquisition

TERADYNE, INC

Borrowed $185M under $750M credit facility on May 16, 2024.
Proceeds to fund acquisition of 10% of Technoprobe S.p.A shares via subsidiary.
Interest rates: base rate plus 0.00%-0.75% or SOFR plus 1.10%-1.85% per annum.
Loan is senior secured revolving credit; Truist Bank is administrative agent.

item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TERADYNE, INC incurred revolving credit of $185.0 million with Truist Bank.

Instrument: revolving credit
Principal: $185.0 million
Counterparty: Truist Bank
Event: incurrence

Exact text from the filing

nt of Registrant As previously disclosed in Teradyne, Inc.’s (the “Company’s”) filings with the Securities and Exchange Commission, the Company is party to a credit agreement dated May 1, 2020 (as amended prior to the date hereof, the “Credit Agreement”) with Truist Bank, as administrative agent and collateral agent, and the lenders party thereto.

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TERADYNE, INC filing history →

Source: SEC EDGAR

accession 0001193125-24-141845

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