Company: BHE
Filing Date: 2025-02-27
Form Type: 10-K/A
Source: 0000950170-25-029247
Chunk: 17

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-27
Form: 10-K/A
Chunk 17
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12</div>

Note 5—Borrowing Facilities

A summary of the Company’s long-term debt outstanding follows:

|                                                      | (in thousands) | December 31, |    2024 |   |     |   |    2023 |   |
|:-----------------------------------------------------|:---------------|:-------------|--------:|:--|:----|:--|--------:|:--|
| Revolving credit facility                            |                | $            | 135,000 |   |     | $ | 205,000 |   |
| Term loan                                            |                |              | 123,047 |   |     |   | 127,148 |   |
| Less: unamortized debt issuance costs                |                |              |  (1,027 | ) |     |   |  (1,546 | ) |
| Total long-term debt, including current installments |                | $            | 257,020 |   |     | $ | 330,602 |   |

On July 20, 2018, the Company entered into a $ 650 million credit agreement (the Prior Credit Agreement) by and among the Company, certain of its subsidiaries, the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer.The Prior Credit Agreement was comprised of afive-year$500million revolving credit facility and afive-year$151million term loan facility, both which had a maturity date ofJuly 20, 2023. The term loan facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $430million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Prior Credit Agreement.

On December 21, 2021, the Company amended and restated the Prior Credit Agreement by entering into a $381million amended and restated credit agreement (the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement is comprised of afive-year$250million revolving credit facility (the Revolving Credit Facility) and afive-year$131.3million term loan facility (the Term Loan Facility), both extending the original revolving credit facility and term loan facility maturity dates fromJuly 20, 2023toDecember 21, 2026.

On May 20, 2022, the Company entered into Amendment No.