The company said it borrowed $185.0 million under the Credit Agreement with Truist Bank, as administrative agent and collateral agent, on May 16, 2024.

1. 01

   The company said it borrowed $185.0 million under the Credit Agreement with Truist Bank, as administrative agent and collateral agent, on May 16, 2024.

2. 02

   The company said the Credit Agreement, dated May 1, 2020, provides for a senior secured revolving credit facility of $750.0 million.

3. 03

   The company said loans under the Credit Agreement bear interest, at its option, at either a base rate plus a margin of 0.00% to 0.75% per annum or SOFR plus a margin of 1.10% to 1.85% per annum, with the margin based on the company's consolidated leverage ratio.

4. 04

   The company said it expects to use the borrowing to fund the previously disclosed acquisition by its wholly owned subsidiary Teradyne International Holdings, B.V. of 10% of the issued and outstanding shares of Technoprobe S.p.A (the Investment).

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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