Form 8-K · Current Report · Filed 2026-08-10
Teradyne, Inc. Enters into $1.0 Billion Credit Agreement
On August 7, 2026, Teradyne, Inc. entered into a Credit Agreement with PNC Bank, establishing a five-year, senior secured revolving credit facility of $1.0 billion. The facility provides for variable interest rates and fees based on the company's leverage ratio and debt rating. The agreement includes financial covenants and guarantees from certain subsidiaries. The facility will be released from certain covenants if Teradyne maintains an investment grade rating from major credit rating agencies.
- Filer
- Teradyne Inc. TER · NASDAQ
- Filed
- Accession
- 0001193125-26-342367
- CIK
- 0000097210
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$379.31
Since filing
+0.0%
Latest close
$379.31
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from TER reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, TER insiders reported 4 Form 4 transactions — net selling of $2.0M.
About Teradyne Inc.
Teradyne Inc. is a leading technology company specializing in automatic test equipment and industrial automation solutions. Primarily, it designs, develops, and manufactures systems used to test semiconductors, wireless products, data storage devices, and complex electronics systems automotive applications utilize. Teradyne's key focus is on ensuring high-quality production, efficient testing, and improved yield for its clients, which include major semiconductor companies, electronics manufacturers, and automotive suppliers. By providing state-of-the-art testing systems, Teradyne supports industries to meet the increasing demand for reliable and high-performance products. Additionally, Teradyne is making significant strides in the industrial automation sector, providing collaborative and mobile robots to streamline manufacturing processes across various sectors, including consumer electronics, automotive, and industrial goods. This expansion into automation reflects its role in supporting the growing need for smart manufacturing solutions. Headquartered in North Reading, Massachusetts, Teradyne plays a crucial role in advancing production capabilities and technological innovation worldwide, contributing to the efficient operation of technology and manufacturing ecosystems.
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