Sanmina Corporation has entered into a new Credit Agreement on July 29, 2025, with Bank of America, N.A., as the administrative agent and swing line lender, along with a consortium of banks and financial institutions as lenders. The agreement provides for committed senior secured credit facilities totaling $3.5 billion, comprising a $1.5 billion revolving credit facility and a $2.0 billion term loan A facility. This financing will initially support the acquisition of ZT Group Int'l, Inc., refinance existing credit agreements, and cover related fees and expenses. The Credit Agreement includes customary covenants and financial ratios that Sanmina must maintain, such as a minimum cash interest coverage ratio and a maximum net leverage ratio. This strategic financing move positions Sanmina to enhance its capital structure and support its growth initiatives.
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