Teradyne Secures $1B Credit Facility
Ticker: TER · Form: 8-K · Filed: May 17, 2024 · CIK: 97210
Sentiment: neutral
Topics: debt, credit-facility
TL;DR
TER just locked in a $1B credit line until 2029, giving them breathing room.
AI Summary
On May 16, 2024, Teradyne, Inc. reported the creation of a direct financial obligation. The company entered into a credit agreement, establishing a $1.0 billion revolving credit facility. This facility matures on May 16, 2029, and is intended to provide ongoing financial flexibility.
Why It Matters
This new credit facility provides Teradyne with significant financial flexibility, ensuring access to capital for potential future investments or operational needs.
Risk Assessment
Risk Level: low — The filing reports the establishment of a standard revolving credit facility, which is a common and generally low-risk financial instrument for companies.
Key Numbers
- $1.0B — Revolving Credit Facility (Provides financial flexibility and liquidity)
- 2029 — Maturity Date (Indicates the term of the credit facility)
Key Players & Entities
- Teradyne, Inc. (company) — Registrant
- $1.0 billion (dollar_amount) — Revolving credit facility amount
- May 16, 2029 (date) — Maturity date of the credit facility
- May 16, 2024 (date) — Date of the earliest event reported
FAQ
What is the purpose of the new credit facility?
The filing indicates the credit facility is intended to provide ongoing financial flexibility for Teradyne, Inc.
What is the total amount of the revolving credit facility?
The total amount of the revolving credit facility is $1.0 billion.
When does the credit facility mature?
The credit facility matures on May 16, 2029.
What type of financial obligation is reported?
Teradyne, Inc. reported the creation of a direct financial obligation through a credit agreement.
What is Teradyne, Inc.'s principal executive office address?
Teradyne, Inc.'s principal executive offices are located at 600 Riverpark Drive, North Reading, MA 01864.
Filing Stats: 764 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-05-17 17:00:57
Key Financial Figures
- $0.125 — ich registered Common Stock, par value $0.125 per share TER Nasdaq Stock Market L
- $750.0 million — or secured revolving credit facility of $750.0 million (the "Credit Facility"). Loans under th
- $185.0 million — On May 16, 2024, the Company borrowed $185.0 million under the Credit Agreement. The Company
Filing Documents
- d837114d8k.htm (8-K) — 25KB
- 0001193125-24-141845.txt ( ) — 141KB
- ter-20240516.xsd (EX-101.SCH) — 3KB
- ter-20240516_lab.xml (EX-101.LAB) — 17KB
- ter-20240516_pre.xml (EX-101.PRE) — 11KB
- d837114d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TERADYNE, INC. Dated: May 17, 2024 By: /s/ Ryan E. Driscoll Name: Ryan E. Driscoll Title: V.P., General Counsel and Secretary