Financing ·
Teradyne, Inc. entered into a five-year, senior secured revolving credit facility with PNC Bank on August 7, 2026…
TERTeradyne, Inc
Teradyne, Inc. entered into a five-year, senior secured revolving credit facility with PNC Bank on August 7, 2026, providing access to $1.0 billion for working capital and general corporate purposes. No funds have been drawn at this time. The agreement includes financial covenants limiting the consolidated leverage ratio to 3.50:1.00 (increasing to 4.00:1.00 during acquisition quarters) and requiring a minimum interest coverage ratio of 2.50:1.00, subject to suspension if the company achieves an investment-grade rating from two major agencies. Teradyne operates in the semiconductor test equipment industry.