Teradata Corporation has entered into a new unsecured five-year revolving credit facility of up to US$400 million with Bank of America, replacing its 2022 agreement that also included a US$500 million term loan. The facility includes an option to increase commitments by up to US$200 million and allows draws in multiple foreign currencies, enhancing liquidity and flexibility to support cloud and AI investments. The new arrangement strengthens Teradata's funding position as it focuses on cloud annual recurring revenue and AI adoption, though revenue is expected to be flat to slightly down.
Teradata CorpTeradata secured a new $400 million revolving credit facility, enhancing liquidity and flexibility to support cloud and AI investments.
Bank of America Corp