Sanmina Corporation Secures $3.5 Billion Credit Agreement with Bank of America and Lenders to Finance ZT Acquisition and Refinance Existing Loans

Reuters
07/30
Sanmina Corporation Secures $3.5 Billion Credit Agreement with Bank of America and Lenders to Finance ZT Acquisition and Refinance Existing Loans

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.

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. Sanmina Corporation 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: 0001104659-25-071964), on July 30, 2025, and is solely responsible for the information contained therein.

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