Sanmina Corporation filed a Form 8-K on November 9, 2026, disclosing Amendment No. 5 to its senior secured credit agreement, which added $70 million in incremental term loans and extended the maturity of key credit facilities to October 28, 2031, while also announcing unaudited financial results for the fiscal quarter ended October 3, 2026.

Key Highlights

  • $70 million incremental term A loans: Amendment No. 5, effective October 27, 2026, provided for $70 million of Incremental Term A-1 Loans, funded in full on the effective date, returning the Term Loan A Facility to its original funded amount of $1.4 billion.
  • Maturity extended to October 28, 2031: The $1.5 billion revolving credit facility, the Term Loan A Facility, and the $600 million Delayed Draw Facility all had their maturity dates extended.
  • Delayed Draw period extended: The period during which the company may draw on the Delayed Draw Facility, in up to two drawings, was extended to April 27, 2027.
  • New ratings-based pricing grid: The leverage-based pricing grid was replaced with one based on the company's debt ratings from S&P and Moody's, with applicable margins ranging from 1.000% to 1.750% for term SOFR borrowings.
  • Initial applicable margin set at fourth of five pricing levels: The applicable margin is initially 1.500% for term SOFR borrowings and 0.500% for base rate borrowings.
  • Quarterly financial results announced: The company issued a press release on November 9, 2026, announcing unaudited financial results for the fiscal quarter ended October 3, 2026.

Sanmina's Amendment No. 5 Restructures and Extends Senior Credit Facilities

According to the filing, Sanmina Corporation (NASDAQ:SANM) entered into Amendment No. 5 to its senior secured credit agreement on October 27, 2026, with Bank of America, N.A., as administrative agent. The amendment, as described in Item 8.01, provided $70 million of Incremental Term A-1 Loans that were funded in full on the effective date, bringing the outstanding principal of the Term Loan A Facility back to its original funded amount of $1.4 billion, alongside the $1.33 billion of term A loans outstanding immediately prior to the amendment.

The filing states that Amendment No. 5 extended the maturity date of the $1.5 billion revolving credit facility, the Term Loan A Facility, and the $600 million Delayed Draw Facility to October 28, 2031. The draw period for the Delayed Draw Facility was also extended to April 27, 2027, permitting up to two drawings. The amendment replaced the existing leverage-based pricing grid with one tied to the company's debt ratings, with term SOFR applicable margins ranging from 1.000% to 1.750% and base rate applicable margins from 0.000% to 0.750%. The commitment fee on unused revolving commitments ranges from 0.125% to 0.300% per annum, according to the filing.

The filing also discloses that the Term Loan A Facility will amortize in quarterly installments beginning in March 2027, at an annual rate of 2.50% of original principal through the second anniversary of Amendment No. 5's effective date, 5.00% through the fourth anniversary, and 10.00% thereafter, with the remaining balance due at maturity. The existing term loan B facility borrowings, described as the 2026 Term B-1 Loans, continue to bear interest at term SOFR plus 1.75% or the base rate plus 0.75%, at the company's option. The company disclosed that the proceeds of the Incremental Term A-1 Loans may be used for general corporate purposes and to pay fees, costs, and expenses related to Amendment No. 5.

What Was Disclosed

Sanmina Corporation filed an 8-K disclosing Amendment No. 5 to its senior secured credit agreement, adding $70 million in term loans and extending facility maturities to October 28, 2031, alongside an announcement of unaudited quarterly financial results for the period ended October 3, 2026.