Item 1.01 Entry into a Material Definitive Agreement.

On May 20, 2022, Benchmark Electronics, Inc. (the "Company") entered into Amendment No. 1 (the "Amendment") to the amended and restated credit agreement (as amended, the "Credit Agreement") dated December 21, 2021 by and among the Company, certain of its subsidiaries (the "Guarantors"), the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer. The Credit Agreement was previously comprised of a five-year $250 million revolving credit facility (the "Revolving Credit Facility") and a five-year $131.25 million term loan facility, both with a maturity date of December 21, 2026.

The Amendment increases the Revolving Credit Facility commitments from $250 million to $450 million. The Amendment also establishes that the interest on outstanding borrowings starting on the next reset date and any new borrowings under the Amendment (other than swingline loans) will accrue, at the Company's option, at (a) the Bloomberg Short-Term Bank Yield Index rate ("BSBY") plus the Applicable Rate (as defined in the Credit Agreement, approximately 1.00% to 2.00% per annum depending on various factors) or (b) for U.S. Dollar denominated loans, the base rate (which is the highest of (i) the federal funds rate plus 0.50%, (ii) the Bank of America, N.A. prime rate, (iii) the one month BSBY adjusted daily plus 1.00% and (iv) 1.00%).

The foregoing summary of certain terms and conditions of the Amendment is not complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is attached hereto as Exhibit 10.1 and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K with respect to the Amendment is hereby incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit No.   Description
10.1            Amendment No. 1 to Amended and Restated Credit Agreement*
104           Cover Page Interactive Data File (embedded within the Inline XBRL document)

*Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will furnish supplementally to the Securities and Exchange Commission a copy of any omitted exhibits or schedules upon request.

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