Company: BHE
Filing Date: 2025-06-30
Form Type: 8-K
Source: 0000950170-25-091542
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Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-06-30
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

On June 27, 2025, Benchmark Electronics, Inc. (the “ Company”) entered into a $700 million second amended and restated credit agreement (the “ Second Amended and Restated Credit Agreement”) by and among the Company, certain of its subsidiaries (the “ Guarantors”), the lenders party thereto and Bank of America, N. A., as Administrative Agent, Swingline Lender and an L/C Issuer (“ Bank of America”). The Second Amended and Restated Credit Agreement is comprised of a five-year $550 million revolving credit facility (the “ Second Amended and Restated Revolving Credit Facility”) and a five-year $150 million term loan facility (the “ Second Amended and Restated Term Loan Facility”), both with a maturity date of June 27, 2030. In addition, the Second Amended and Restated Credit Agreement permits the Company’s Malaysian subsidiary to enter into a term loan facility in the future for an additional principal aggregate amount not to exceed $50 million.

The Second Amended and Restated Credit Agreement amends and restates in its entirety the Company’s existing $681.25 million amended and restated credit agreement, dated as of December 21, 2021, by and among the Company, the Guarantors, the lenders party thereto and Bank of America, as amended by Amendment No. 1, dated as of May 20, 2022, Amendment No. 2, dated as of February 3, 2023, and Amendment No. 3, dated as of May 1, 2023.

The Second Amended and Restated Revolving Credit Facility is available for general corporate purposes. Principal under the Second Amended and Restated Term Loan Facility will amortize in equal quarterly installments of 0.625% of the initial aggregate term loan advances, beginning on September 30, 2025, through June 30, 2028. Thereafter, quarterly installments will increase to 1.25% of the initial aggregate term loan advances, continuing until the maturity date.

The Second Amended and Restated Credit Agreement includes an accordion feature pursuant to which the Company is permitted to add one or more incremental term loans and/or increase commitments under the Second Amended and Restated Revolving Credit Facility in an aggregate amount not exceeding $175 million, subject to the satisfaction of certain conditions and exceptions.

Interest on outstanding borrowings under the Second