ADTRAN Holdings, Inc. entered into a new senior secured credit facility with JPMorgan Chase Bank, N.A. and other lenders for up to $350.0 million in aggregate principal amount. The agreement replaces a prior credit agreement with Wells Fargo Bank, National Association. The facility is secured by substantially all of the company's assets and is subject to certain financial covenants, including a maximum Consolidated Senior Secured Net Leverage Ratio of 3.25 to 1.0. ADTRAN Holdings, Inc. provides networking and communications solutions.
