secwatch.observer — SEC 8-K summary
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Issuer:     TERADYNE, INC (TER)
CIK:        0000097210
Form:       8-K
Filed at:   2026-08-10T20:08:31+00:00
Accession:  0001193125-26-342367
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97210/000119312526342367/0001193125-26-342367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97210/000119312526342367/ter-20260807.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-342367

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