Aviat Networks expands credit facility by $40M

Aviat Networks, Inc. entered into a Third Amendment to its secured Credit Agreement on August 28, 2025.

Rhea-AI Filing Summary

Aviat Networks, Inc. entered into a Third Amendment to its secured Credit Agreement on August 28, 2025. The amendment increases the Incremental Term Loan Commitments by $20,000,000 in the aggregate and also increases the Revolving Credit Commitment by $20,000,000 in the aggregate.

The additional commitments are provided by new lenders that were not originally party to the Credit Agreement. Wells Fargo Bank, National Association continues to act as administrative agent, swingline lender and issuing lender, with Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets serving as joint lead arrangers and joint bookrunners.

Insights

Credit markets analyst

Aviat expands term loan and revolver capacity by $40M.

Aviat Networks amended its secured Credit Agreement to add $20,000,000 of Incremental Term Loan Commitments and $20,000,000 of additional Revolving Credit Commitment. This expands total borrowing capacity under the existing Loan Facility, potentially giving the company more flexibility in how it finances operations or strategic initiatives, while keeping the same overall structure and agent bank group.

The amendment brings in new lenders to provide the increased commitments, while Wells Fargo Bank remains administrative agent, swingline lender and issuing lender, and Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets remain joint lead arrangers and joint bookrunners. The actual impact will depend on how much of the new capacity Aviat chooses to draw and on the detailed terms in the amended agreement, which are referenced in Exhibit 10.1.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Aviat Networks (AVNW) change in its credit agreement?

Aviat Networks entered into a Third Amendment to its secured Credit Agreement, increasing the Incremental Term Loan Commitments by $20,000,000 and the Revolving Credit Commitment by $20,000,000 in the aggregate.

How much additional borrowing capacity does Aviat Networks receive under the amendment?

The amendment provides an extra $20,000,000 in Incremental Term Loan Commitments and an additional $20,000,000 in Revolving Credit Commitment, for a total increase of $40,000,000 in commitments.

Who are the lenders involved in Aviat Networks amended credit facility?

Wells Fargo Bank, National Association acts as administrative agent, swingline lender and issuing lender, with Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets as joint lead arrangers and joint bookrunners. The increased commitments are provided by new lenders not originally party to the Credit Agreement.

Where can investors find the full details of Aviat Networks credit agreement amendment?

The full text of the Third Amendment to Credit Agreement is included as Exhibit 10.1, titled Third Amendment to Credit Agreement, dated August 28, 2025, by and among the Borrowers and the Lender, and is incorporated by reference.

Were any parts of Aviat Networks credit amendment exhibit redacted?

Yes. Certain portions of Exhibit 10.1 were redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K, as indicated by the a5 symbol in the exhibit list.

Which Aviat Networks executive signed the report related to the credit amendment?

The report was signed on behalf of Aviat Networks, Inc. by Michael Connaway, Senior Vice President and Chief Financial Officer.

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Accepted by SEC EDGAR 09/02/2025 - 04:14 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________

Form 8-K

______________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 28, 2025

_______________________

AVIAT NETWORKS, INC.

(Exact name of registrant as specified in its charter)

______________________________________

Delaware

001-33278

20-5961564

(State or other jurisdiction

(Commission File

(I.R.S. Employer

of incorporation)

Number)

Identification No.)

200 Parker Dr., Suite C100A, Austin, Texas 78728

(Address of principal executive offices, including zip code)

(408)-941-7100

Registrant’s telephone number, including area code

______________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

AVNW

NASDAQ Stock Market LLC

Preferred Share Purchase Rights

NASDAQ Stock Market LLC

☐ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 1.01 Entry into a Material Definitive Agreement

On August 28, 2025, Aviat Networks, Inc., a Delaware corporation (the “Company,” “Aviat”, “we,” “us,” or “our”) entered into a Third Amendment to Credit Agreement (the “Credit Agreement Amendment”), with Aviat U.S., Inc. (“Opco”), Aviat Networks (S) Pte. Ltd. (the “Singapore Borrower” and together with the Company and Opco, the “Borrowers”) and Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender and Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets as joint lead arrangers and joint bookrunners (the “Lender”).

The Credit Agreement Amendment amends and modifies that certain Secured Credit Facility Agreement dated May 9, 2023, by and among the Company, the Borrowers, and the Lender (as amended, the “Loan Facility” or the “Credit Agreement”). The Credit Agreement Amendment provided for changes and modifications to the Credit Agreement, which include, among other things, (i) an increase in the Incremental Term Loan Commitments (as that term is defined in the Credit Agreement) by $20,000,000 in the aggregate; (ii) an increase in the Revolving Credit Commitment (as that term is defined in the Credit Agreement) by $20,000,000 in the aggregate; and (iii) that the increased Incremental Term Loan Commitments and Revolving Credit Commitment be made by new lenders not originally party to the Credit Agreement.

The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.			Description
10.1*¥			Third Amendment to Credit Agreement, dated August 28, 2025, by and among the Borrowers and the Lender
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

*			Furnished herewith
¥			Certain portions of this exhibit were redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AVIAT NETWORKS, INC.

Date: September 2, 2025

By:

/s/ Michael Connaway

Name:

Michael Connaway

Title:

Senior Vice President and Chief Financial Officer