Teradyne signed a new five-year, $1.0 billion senior secured revolving credit facility on August 7, 2026, with PNC Bank acting as administrative agent and other lenders participating. No money has been drawn yet; the facility is intended for working capital and general corporate purposes. Pricing depends on Teradyne's leverage ratio or credit rating, with a commitment fee on unused amounts. The agreement includes customary covenants, two financial ratio requirements, and guarantees from certain domestic subsidiaries, plus a pledge of 65% of the stock of certain foreign subsidiaries.
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