Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when PLXS files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsPlexus secures new $500M credit facility with expansion option to $750M, maturing 2031
Filed June 8, 2026 · Period ending June 5, 2026 · ~1 min read
Key Changes
-
high
Plexus replaced its 2022 credit agreement with a new $500 million revolving facility that can expand to $750 million, providing committed credit capacity through June 2031.
Item 1.01 verify on EDGAR → -
high
The facility requires maintaining interest coverage of at least 3.00x and leverage below 3.50x, with temporary flexibility to 4.25x for material acquisitions.
Item 1.01 verify on EDGAR → -
medium
Interest rates are variable, tied to benchmark rates (SOFR, EURIBOR, or SONIA) plus a margin that adjusts based on the company's leverage ratio.
Item 1.01 verify on EDGAR →
Summary
Plexus Corp. refinanced its existing credit facility with a new five-year agreement providing $500 million in revolving credit, expandable to $750 million. The new facility, arranged through JPMorgan Chase Bank as administrative agent, replaces the company's 2022 credit agreement and extends the maturity to 2031. This gives Plexus enhanced financial flexibility and a longer runway for its credit capacity.
For retail investors, this refinancing signals the company's ability to secure favorable credit terms and maintain access to capital for operations and potential acquisitions. The covenant structure allows leverage to temporarily increase to 4.25x for material acquisitions, suggesting management may be positioning for strategic growth opportunities.
The variable interest rate structure means borrowing costs will fluctuate with market rates. Watch for Plexus's quarterly filings to monitor actual borrowings under the facility and compliance with the financial covenants, particularly the 3.50x leverage ratio, as these metrics will indicate the company's financial health and strategic activity.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Plexus Corp created a direct financial obligation or off-balance sheet arrangement, with details incorporated by reference to Item 1.01.
Added in current filing · verify on EDGAR →
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Incorporated herein by reference to Item 1.01 above.
The company disclosed the creation of a direct financial obligation or an off-balance sheet arrangement. The specific details of this obligation are referenced in Item 1.01 of the filing, which is not included in the provided text. This indicates the company has entered into a new debt arrangement, credit facility, or similar financial commitment.
Event · Item 9.01 — Financial Statements and Exhibits
Plexus Corp. entered into a Second Amended and Restated Credit Agreement on June 5, 2026.
Added in current filing · verify on EDGAR →
Second Amended and Restated Credit Agreement, dated June 5, 2026, by and among Plexus Corp., certain of its subsidiaries from time to time party thereto as borrowers, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent.
Plexus Corp. executed a Second Amended and Restated Credit Agreement on June 5, 2026. The agreement involves Plexus and certain subsidiaries as borrowers, multiple lenders, and JPMorgan Chase Bank, N.A. as Administrative Agent. This represents a refinancing or modification of the company's existing credit facility, though the specific terms, borrowing capacity, interest rates, and covenants are not disclosed in this 8-K filing.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 9, 2026 · How we verify