Teradyne secures $1.0B five-year senior secured revolving credit facility

TERADYNE, INC

Credit Agreement dated Aug 7, 2026 with PNC Bank as admin agent; $1.0B revolving facility, no borrowings outstanding.
Proceeds for working capital and general corporate purposes; facility matures in five years.
Interest at SOFR +1.00%-1.75% or base rate +0.00%-0.75% (leverage-based); commitment fee 0.125%-0.225%.
Financial covenants: max consolidated leverage 3.50:1 (4.00:1 after acquisitions >$200M), min interest coverage 2.50:1.
Collateral and guarantees released upon investment grade rating from S&P, Moody's or Fitch.

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