Adtran entered a new secured revolving credit facility of up to $350 million, including up to $50 million available to its German borrower, to support general corporate needs. The JPMorgan-led financing carries variable-rate pricing tied to leverage and customary covenants and security. In support of the facility, Adtran executed a Guarantee and Collateral Agreement and a Share Pledge Agreement over shares of Adtran Networks SE. Concurrently, the company terminated its 2022 Wells Fargo-led credit agreement as it transitions to the new structure to enhance liquidity and flexibility.
Agreement 1: Adtran Secures $350 Million Revolving Credit Facility With JPMorgan
- Agreement type: Secured revolving credit facility
- Counterparty: JPMorgan Chase Bank, J.P. Morgan SE and other lenders
- Signed / Effective: Jul 21 2026 / same
- Duration / Termination: N/A
- Reason: Refinance and enhance liquidity for general corporate needs
Agreement 2: Adtran Executes Guarantee and Collateral Agreement Supporting New Credit Facility
- Agreement type: Guarantee and Collateral Agreement securing credit facility
- Counterparty: JPMorgan Chase Bank
- Signed / Effective: Jul 21 2026 / same
- Duration / Termination: N/A
- Reason: Provide collateral and guarantees for new facility
Agreement 3: Adtran Enters Share Pledge Agreement for German Borrower Shares
- Agreement type: Share Pledge Agreement securing credit facility
- Counterparty: JPMorgan Chase Bank
- Signed / Effective: Jul 21 2026 / same
- Duration / Termination: N/A
- Reason: Secure obligations related to German borrower under facility
Agreement 4: Adtran Terminates 2022 Wells Fargo Credit Agreement Following New JPMorgan Facility
- Agreement terminated: Prior revolving credit agreement
- Counterparty: Wells Fargo Bank
- Original agreement date: Jul 18 2022
- Termination date: Jul 21 2026
- Termination type: Early
- Exit fees / payments: None
- Reason: Replaced by new JPMorgan-led credit facility
Original SEC Filing:
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