Teradyne signs USD 1 billion five-year revolving credit facility with PNC Bank-led group

Reuters2026/08/10 20:27

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Teradyne entered a five-year senior secured revolving credit facility for USD 1 billion with PNC Bank as administrative agent.
Borrowings can fund working capital or general corporate purposes; no amounts were drawn at signing on Aug. 7, 2026.
Loan pricing is base rate plus 0% to 0.75% or SOFR plus 1% to 1.75%, with tighter spreads during an investment-grade suspension period.
Facility includes an unused commitment fee of 0.125% to 0.225% per year, reduced to 0.1% to 0.2% in the investment-grade period.
Backed by subsidiary guarantees and collateral, with leverage capped at 3.5x, or 4x temporarily for larger acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Teradyne Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-342367), on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Teradyne signs USD 1 billion five-year revolving credit facility with PNC Bank-led group

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