Plexus Corp. Secures $500M Credit Facility, Extends Maturity to 2031

Key Highlights

• Plexus Corp. entered into a Second Amended and Restated Credit Agreement with a maturity date of June 5, 2031.
• The agreement includes a revolving credit facility with a maximum commitment of $500 million, expandable to $750 million.
• Interest rates are based on alternate base rate, Term SOFR, EURIBOR, or Daily Simple SONIA plus an applicable margin.
• A commitment fee of 10-25 basis points will be paid on unused commitments.
• Financial covenants include an interest coverage ratio of not less than 3.00:1.00 and a leverage ratio not greater than 3.50:1.00 (temporarily up to 4.25:1.00 for acquisitions).