TTEC amends credit agreement, cuts revolver to $960 million and extends margin step-up to Nov. 16
TTEC Holdings entered into a Twelfth Amendment to its credit agreement with Wells Fargo as administrative agent, effective October 1, 2026. The amendment reduces revolving commitments by $15 million to $960 million, delays a scheduled margin increase, and removes a 1.50% extension fee, while the company paid a $2.4 million upfront fee to lenders.
Key points
- Aggregate revolving commitments reduced by $15 million to $960 million; borrowings capped at $950 million.
- Applicable margin stays at 3.250% (SOFR) and 2.250% (base rate) through November 15, 2026, instead of September 30, 2026.
- Margin rises to 6.250% and 5.250% on November 16, 2026, unless a later amendment changes it.
- Company paid lenders a $2.4 million upfront fee (0.25% of commitments); the 1.50% extension fee due October 1, 2026 was eliminated.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.