Company: BHE
Filing Date: 2025-06-30
Form Type: 8-K
Source: 0000950170-25-091542
Chunk: 1

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-06-30
Form: 8-K
Item: Item 1.01
Chunk 1
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 Amended and Restated Credit Agreement (other than swingline loans) will accrue, at the Company’s option, at (a) Term Secured Overnight Financing Rate (“ Term SOFR”) plus the Applicable Rate (as defined in the Second Amended and Restated Credit Agreement, approximately 1.00% to 2.125% per annum depending on various factors) or (b) for U. S. dollar denominated loans, the base rate (which is the highest of (i) the federal funds rate plus 0.50%, (ii) the Bank of America, N. A. prime rate, (iii) Term SOFR plus 1.00% and (iv) 1.00%).

The Second Amended and Restated Credit Agreement is subject to certain customary security, financial and other covenants as set forth therein. Amounts due under the Second Amended and Restated Credit Agreement may be accelerated upon customary specified events of default, subject, in some cases, to cure periods.

The Second Amended and Restated Credit Agreement is generally secured by a pledge of (a) all the capital stock of the Company’s domestic subsidiaries and 65% of the capital stock of its directly owned foreign subsidiaries, (b) all of the present and future personal property and assets of the Company and the Guarantors (including, but not limited to, accounts receivable, inventory, intellectual property and fixed assets of the Company and the Guarantors), in each case, subject to customary exceptions and limitations, and (c) all proceeds and products of the property and assets described in clauses (a) and (b) above.

Certain of the lenders and the agents under the Second Amended and Restated Credit Agreement, or their respective affiliates or subsidiaries, have provided, and may in the future provide, investment banking, underwriting, lending, commercial banking, foreign exchange, trust and other services to the Company or its affiliates or subsidiaries, for which these parties have received, and may in the future receive, customary compensation from the Company or its affiliates or subsidiaries for the provision of these services.

The foregoing summary of certain terms and conditions of the Second Amended and Restated Credit Agreement is not complete and is subject to, and qualified in its entirety by, the full text of the Second Amended and Restated Credit Agreement, which is attached hereto as Exhibit 10.1 and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under