Teradata Corp. (NYSE: TDC) entered into a new material credit agreement on June 24, 2026, replacing its prior 2022 credit facility and refinancing its outstanding term loan obligations. The company disclosed the action under Form 8-K Items 1.01, 1.02 and 2.03, covering entry into a material definitive agreement, termination of a prior agreement, and creation of a direct financial obligation. The new agreement is a five-year unsecured revolving credit facility with Bank of America, N.A. serving as administrative agent and a syndicate of lenders as parties to the facility. The revolving commitment totals up to $400 million. Within that amount, the facility includes a $50 million sublimit for standby letters of credit and a $50 million sublimit for swingline loans. Teradata also has the ability to request an increase of up to an additional $200 million, subject to existing or new lenders agreeing to provide the added commitments. The facility provides Teradata with multi-currency flexibility. At the company’s option, up to $100 million of borrowings may be denominated in British pounds sterling, euros and Japanese yen, subject to the terms of the agreement. Borrowings will bear interest at floating rates based on either a negotiated base rate or a rate generally tied to the secured overnight financing rate, plus an applicable margin. The applicable margin ranges from 0.00% to 0.500% for base-rate borrowings and from 1.000% to 1.500% for other borrowings, including foreign-currency borrowings, depending on Teradata’s leverage ratio. Interest is payable according to the interest period selected by Teradata, but at least quarterly in arrears. All outstanding amounts under the new credit agreement mature on June 24, 2031. The maturity date may be extended for up to two additional one-year periods if Teradata and the lenders mutually agree. Although the borrowings are unsecured, the obligations are guaranteed by certain of Teradata’s material domestic subsidiaries. In connection with the new agreement, Teradata terminated its prior credit agreement, which had been entered into in 2022. That prior agreement provided for a $400 million revolving credit facility and a $500 million term loan commitment. Teradata said the outstanding term loan under the prior agreement was repaid in full when the new credit agreement was executed. The company noted that the material terms of the prior agreement were substantially similar to those of the new facility, except that the new agreement removes the sustainability features and the term loan commitment that had been included in the 2022 arrangement. The new credit agreement contains customary lender protections, including representations and warranties, default provisions, affirmative and negative covenants, and financial covenants. These include requirements related to maintaining a leverage ratio, financial reporting, compliance with laws, restrictions on subsidiary indebtedness and liens, and limitations on mergers and other fundamental changes. Teradata said many of these covenants are subject to materiality thresholds, monetary caps and customary exceptions. The filing also notes that Teradata has ongoing banking relationships with parties to the credit agreement, and those parties have received, and may continue to receive, customary compensation and reimbursement of expenses. The agreement was filed as Exhibit 10.1 to the Form 8-K, with certain schedules and similar attachments omitted under SEC rules. CFO John Ederer signed the filing on behalf of Teradata on June 24, 2026.