# ADTRAN Holdings, Inc. (ADTN) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_3c7286ee087d7cdaf57a · retrieved 2026-08-12T21:27:32.326Z

## Overview
ADTRAN Holdings, Inc. is a telecommunications equipment manufacturer that provides networking solutions; it owns ADTRAN, Inc. (a US-based borrower) and Adtran Networks SE (a German-based borrower, formerly ADVA).

On July 21, 2026, ADTRAN Holdings, Inc. (as guarantor), ADTRAN, Inc. (US Borrower), and Adtran Networks SE (German Borrower) entered into a new $350.0 million credit agreement with JPMorgan Chase Bank, N.A. and J.P. Morgan SE as administrative agents, with borrowings by the German Borrower capped at $50.0 million. The new facility replaces the prior credit agreement with Wells Fargo Bank, National Association dated July 18, 2022. Interest rates range from 2.25% to 3.25% for Term Benchmark Rate Loans and 1.25% to 2.25% for Base Rate Loans, based on the consolidated total net leverage ratio, with a 0.25% commitment fee on unutilized revolving commitments. The facility is secured by substantially all assets of the borrowers and their subsidiaries, with financial covenants including a maximum Consolidated Senior Secured Net Leverage Ratio of 3.25x and a minimum Consolidated Fixed Charge Coverage Ratio of 1.25x.

## Terms
- Counterparty: JPMorgan Chase Bank, N.A. and J.P. Morgan SE (as administrative agents); Citibank, N.A. and Bank of Montreal, Chicago Branch (as joint lead arrangers) · Deal value: $350.0M

## Key dates
- Announced 2026-07-23

## Timeline
- 2026-07-23 · 8-K (0001193125-26-314198): 8-K - ADTRAN Holdings, Inc. — *ADTRAN Holdings, Inc. is a telecommunications equipment manufacturer that provides networking solutions; it owns ADTRAN, Inc. (a US-based borrower) and Adtran Networks SE (a German-based borrower, formerly ADVA).* On July 21, 2026, ADTRAN Holdings, Inc. (as guarantor), ADTRAN, Inc. (US Borrower), and Adtran Networks SE (German Borrower) entered into a new $350.0 million credit agreement with JPMorgan Chase Bank, N.A. and J.P. Morgan SE as administrative agents, with borrowings by the German Borrower capped at $50.0 million. The new facility replaces the prior credit agreement with Wells Fargo Bank, National Association dated July 18, 2022. Interest rates range from 2.25% to 3.25% for Term Benchmark Rate Loans and 1.25% to 2.25% for Base Rate Loans, based on the consolidated total net leverage ratio, with a 0.25% commitment fee on unutilized revolving commitments. The facility is secured by substantially all assets of the borrowers and their subsidiaries, with financial covenants including a maximum Consolidated Senior Secured Net Leverage Ratio of 3.25x and a minimum Consolidated Fixed Charge Coverage Ratio of 1.25x.
  https://www.sec.gov/Archives/edgar/data/926282/0001193125-26-314198.txt

## Citations
- 0001193125-26-314198 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526314198