Teradata Secures $400 Million Five-Year Revolving Credit Facility With Bank of America
Complete. Here is the key summaryTeradata secured a new $400 million unsecured five-year revolving credit facility with Bank of America, maturing in June 2031. This agreement replaces the prior facility, which was terminated early. The new facility includes options for upsizing and foreign currency availability, aiming to streamline financing and enhance liquidity.
Teradata entered a new unsecured $400 million five-year revolving credit facility with Bank of America, replacing its 2022 credit agreement. The facility includes $50 million sublimits for letters of credit and swingline loans, optional upsizing by $200 million, and up to $100 million available in select foreign currencies. Pricing is floating with leverage-based margins, and the maturity is June 24, 2031, with two optional one-year extensions. Concurrently, Teradata terminated the prior agreement and repaid the outstanding term loan in full to streamline financing and enhance liquidity.
New agreement details:
- Agreement type: Unsecured five-year revolving credit facility
- Counterparty: Bank of America, as Administrative Agent, and other lenders
- Signed / Effective: Jun 24 2026 / same
- Duration / Termination: 5 years to Jun 24 2031; up to two 1-year extensions
- Reason: Refinance prior facility and enhance liquidity
Terminated agreement details:
- Agreement terminated: Prior revolving credit facility and term loan commitment
- Counterparty: Bank of America, as Administrative Agent, and other lenders
- Termination date: Jun 24 2026
- Termination type: Early
- Reason: Replaced with new revolving credit facility
Original SEC Filing: TERADATA CORP /DE/ [ TDC ] - 8-K - Jun. 24, 2026