TELEDYNE TECHNOLOGIES INC 8-K

What Happened

• Teledyne Technologies Incorporated announced a First Amendment to its Second Amended and Restated Credit Agreement dated June 10, 2024. The First Amendment was entered into on February 25, 2026 and filed on Form 8‑K (filed Feb 26, 2026).
• The amendment eliminates the Secured Overnight Financing Rate (SOFR) adjustment feature from the Credit Agreement and removes all references to that adjustment. The SOFR adjustment in the original agreement was 0.10% (ten basis points). Bank of America, N.A. serves as Administrative Agent, Swing Line Lender and L/C Issuer under the agreement.

Key Details

• Amendment date: February 25, 2026 (8‑K filed Feb 26, 2026).
• Original Credit Agreement date: June 10, 2024.
• SOFR adjustment removed: 0.10% (10 basis points) eliminated and references removed.
• Document filed: First Amendment to the Credit Agreement is included as Exhibit 10.1 to the Form 8‑K.

Why It Matters

• Removing the 0.10% SOFR adjustment reduces a specific add‑on to SOFR‑based borrowing under Teledyne’s credit facility, which could modestly lower interest cost on future SOFR-priced borrowings and simplifies the agreement’s rate mechanics.
• This is a material change to a definitive financing agreement (Item 1.01) but does not by itself change the existence of the credit facility or other economic terms disclosed; investors should view it as a technical/financial housekeeping amendment that affects how floating‑rate interest is calculated.