Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 89

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 89
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 assets held as of December 31, 2024 for each of the next five years follows (in thousands): 

        Year ending December 31,
         
        AmortizationExpense

        2025
         
        $
        4,817

        2026

        4,817

        2027

        4,817

        2028

        4,817

        2029

        4,218

54

Note 5—Borrowing FacilitiesA summary of the Company’s long-term debt outstanding follows: 

        December 31,

        (in thousands)
         
        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 a five-year $500 million revolving credit facility and a five-year $151 million term loan facility, both which had a maturity date of July 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 $430 million 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 $381 million amended and restated credit agreement (the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement is comprised of a five-year $250 million revolving credit facility (the Revolving Credit Facility) and a five-year $131.3 million term loan facility (the Term Loan Facility), both extending the original revolving credit facility and term loan facility maturity dates from July