Aviat Networks Inc.
09/02/2025 | Press release | Distributed by Public on 09/02/2025 14:14
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement
On August 28, 2025, Aviat Networks, Inc., a Delaware corporation (the "Company," "Aviat", "we," "us," or "our") entered into a Third Amendment to Credit Agreement (the "Credit Agreement Amendment"), with Aviat U.S., Inc. ("Opco"), Aviat Networks (S) Pte. Ltd. (the "Singapore Borrower" and together with the Company and Opco, the "Borrowers") and Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender and Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets as joint lead arrangers and joint bookrunners (the "Lender").
The Credit Agreement Amendment amends and modifies that certain Secured Credit Facility Agreement dated May 9, 2023, by and among the Company, the Borrowers, and the Lender (as amended, the "Loan Facility" or the "Credit Agreement"). The Credit Agreement Amendment provided for changes and modifications to the Credit Agreement, which include, among other things, (i) an increase in the Incremental Term Loan Commitments (as that term is defined in the Credit Agreement) by $20,000,000 in the aggregate; (ii) an increase in the Revolving Credit Commitment (as that term is defined in the Credit Agreement) by $20,000,000 in the aggregate; and (iii) that the increased Incremental Term Loan Commitments and Revolving Credit Commitment be made by new lenders not originally party to the Credit Agreement.
The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
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