Exhibit 10.16.2
AMENDMENT NO. 2 TO Amended and restated CREDIT AGREEMENT
This Amendment No. 2 to Amended and Restated Credit Agreement, dated as of February 3, 2023 (this “Amendment”), is entered into by BENCHMARK ELECTRONICS, INC., a Texas corporation (the “Company”), the Guarantors (as defined in the Credit Agreement referenced below) party hereto, the Lenders (as defined below) party hereto, and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), Swingline Lender and an L/C Issuer.
INTRODUCTION
Reference is made to the Amended and Restated Credit Agreement dated as of December 21, 2021 (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among the Company, certain subsidiaries of the Company from time to time party thereto as “Designated Borrowers”, the lenders from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), and the Administrative Agent.
The Company has requested, and the undersigned Lenders (which Lenders constitute the Required Lenders) and the Administrative Agent have agreed, on the terms and conditions set forth herein, to make certain amendments to the Credit Agreement.
THEREFORE, in connection with the foregoing and for other good and valuable consideration, the Company, the undersigned Lenders, and the Administrative Agent hereby agree as follows:
(a) Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by replacing “$120,000,000” in the definition of “Permitted Receivables Sale Transaction” with “$200,000,000”.
(b) Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended to amend and restate the definition of “Receivables Sale Transaction” in its entirety to read as follows:
“Receivables Sale Transaction” means, with respect to Company and/or any of the Restricted Subsidiaries, any transaction or series of transactions of sales or factoring involving Receivables and Receivables Related Rights pursuant to which Company or any Restricted Subsidiary may sell, convey or otherwise transfer to any other Person any Receivables (whether now existing or arising in the future) and Receivables Related Rights of Company or any Restricted Subsidiary, including any such transaction pursuant to a customer’s supply chain finance program.
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(a) the Administrative Agent (or its counsel) shall have received counterparts hereof duly executed and delivered by a duly authorized officer of the Company, each Guarantor, and by the Lenders whose consent is required to effect the amendments contemplated hereby; and
(b) the Company shall have paid (i) all reasonable fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent); and (ii) all other costs, expenses, and fees which are payable pursuant to Section 10.04 of the Credit Agreement.
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[Signature Pages follow.]
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EXECUTED as of the first date above written.
BENCHMARK ELECTRONICS, INC., a Texas corporation
By:
Name:_________________________________
Title:__________________________________
AVEX CONSTITUTION, INC., a Delaware corporation
AVEX LIBERTY, INC., a Delaware corporation
BENCHMARK ELECTRONICS HUNTSVILLE INC., an Alabama corporation
BENCHMARK ELECTRONICS MANUFACTURING SOLUTIONS, INC., a Delaware corporation
BENCHMARK ELECTRONICS MANUFACTURING SOLUTIONS (MOORPARK), INC., a California corporation
BENCHMARK ELECTRONICS PHOENIX, INC., a Delaware corporation
EFTC OPERATING CORP., a Delaware corporation
LARK ENGINEERING COMPANY, a California corporation
SCS HOLDINGS, INC., a Delaware corporation
SCS SECURE HOLDINGS LLC, a Delaware limited liability company
SECURE COMMUNICATION SYSTEMS, INC., a Delaware corporation
TACTICAL MICRO, INC., a Virginia corporation
Each By:_______________________________
Name:_________________________________
Title:__________________________________
[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]
BANK OF AMERICA, N.A., as Administrative Agent
By:___________________________________
Name:_________________________________
Title:__________________________________
[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]
BANK OF AMERICA, N.A., as a Lender, an L/C Issuer and Swingline Lender
By:___________________________________
Name:_________________________________
Title:__________________________________
[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]
BANK OF THE WEST, as a Lender
By:___________________________________
Name:_________________________________
Title:__________________________________
[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]
TRUIST BANK, as a Lender
By:___________________________________
Name:_________________________________
Title:__________________________________
[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]
WELLS FARGO BANK, N.A., as a Lender
By:___________________________________
Name:_________________________________
Title:__________________________________
[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]
PNC BANK, NATIONAL ASSOCIATION, as a Lender
By:___________________________________
Name:_________________________________
Title:__________________________________
[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]
ING BANK N.V., DUBLIN BRANCH, as a Lender
By:__________________________________
Name:________________________________
Title:_________________________________
By:___________________________________
Name:_________________________________
Title:__________________________________
[Signature Page to Amendment No. 2 to Amended and Restated Credit Agreement]