Zebra Technologies Corporation
Zebra Technologies Enters Third Amendment to Receivables Financing Agreement
Summary
On March 19, 2024, Zebra Technologies Corporation announced the third amendment to its Receivables Financing Agreement. The amendment extends the termination date of the A/R Facility from March 19, 2024 to March 19, 2027, and allows for a potential increase in the available amount the borrower may draw. The amendment also incorporates the change in the Interest Rate from LIBOR to SOFR. The Company has guaranteed Zebra Technologies International's performance of its obligations under the A/R Facility.
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About Zebra Technologies Corporation
Zebra Technologies Corporation is a leading global provider of innovative hardware and software solutions designed to effectively manage and track business assets and operations. The company's core offerings include mobile computing devices, barcode scanners, RFID readers, and advanced software analytics platforms, which serve to enhance data visibility and operational efficiency. These products are vital for sectors such as manufacturing, transportation and logistics, healthcare, and retail, where efficient inventory and workforce management are critical. By enabling real-time data capture and information analysis, Zebra Technologies helps businesses make informed decisions that drive productivity and streamline operational processes. Founded in 1969 and headquartered in Lincolnshire, Illinois, Zebra has established itself as a pivotal player in the industry, empowering organizations worldwide to enhance their supply chain management and operational workflows. With its focus on innovative technology and market-driven solutions, Zebra Technologies continues to hold a significant role in advancing the digital transformation of industries globally.
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