Teradata Corporation entered into a new material financing arrangement on June 24, 2026, replacing its prior credit facility and repaying an outstanding term loan. The company signed a new Credit Agreement with Bank of America, N.A. acting as administrative agent, along with the participating lenders. The new agreement provides Teradata with a five-year unsecured revolving credit facility of up to $400 million. 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 additional increase of up to $200 million, subject to existing or new lenders agreeing to provide the extra commitments. The facility permits some foreign-currency borrowing. At Teradata’s option, up to $100 million of loans under the revolving facility may be denominated in British Pounds Sterling, Euros or Japanese Yen, subject to the terms of the agreement. Borrowings will bear interest at floating rates selected by Teradata, based either on a negotiated base rate or a rate generally tied to a secured overnight financing rate, plus an applicable margin. The applicable margin depends on Teradata’s leverage ratio. For base-rate borrowings, the margin ranges from 0.00% to 0.500%. For other borrowings, including foreign-currency loans, the margin ranges from 1.000% to 1.500%. Interest is payable based on the interest period selected by the company, but at least quarterly in arrears. All amounts outstanding 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, they are guaranteed by certain material domestic subsidiaries of Teradata. The agreement includes customary representations, warranties, events of default and affirmative and negative covenants. These include requirements related to maintaining a leverage ratio, financial reporting, compliance with laws, limits on subsidiary indebtedness, restrictions on liens, and restrictions on mergers and other fundamental corporate changes. The company noted that many covenants are subject to materiality standards, thresholds, monetary caps and customary exceptions. In connection with the new financing, Teradata terminated its prior credit agreement, which had been entered into in 2022. That prior agreement included a $400 million revolving credit facility and a $500 million term loan commitment. Upon execution of the new credit agreement, the outstanding term loan under the prior agreement was repaid in full. Teradata said the new agreement’s terms are substantially similar to the prior agreement, except that the new arrangement removes the sustainability-linked features and eliminates the term loan commitment that existed in the 2022 facility. The company reported the transaction under Item 1.01, Entry into a Material Definitive Agreement; Item 1.02, Termination of a Material Definitive Agreement; and Item 2.03, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. The credit agreement was filed as Exhibit 10.1. Chief Financial Officer John Ederer signed the report on behalf of Teradata on June 24, 2026.