Item 5. Other Information

First Amendment to Amended and Restated Credit Agreement

On October 26, 2021, Teledyne, as borrower and guarantor, certain of its foreign subsidiaries, as designated borrowers, and Teledyne’s domestic subsidiary Teledyne FLIR, LLC (“Teledyne FLIR”), as subsidiary guarantor, entered into an amendment (the “First Amendment to Amended and Restated Credit Agreement”) to that certain Amended and Restated Credit Agreement dated as of March 4, 2021 (the “Amended and Restated Credit Agreement”).

As amended by the First Amendment to Amended and Restated Credit Agreement, the Amended and Restated Credit Agreement includes customary language to provide for the replacement of LIBOR as a benchmark rate for determining the interest rate with respect to loans thereunder denominated in euros, Canadian dollars, Swedish krona and sterling, to provide for the recovery of any erroneous payments as may be made by the administrative agent to the lenders thereunder and to provide for certain other administrative matters.

Third Amendment to 2019 Term Loan Credit Agreement

On October 26, 2021, Teledyne and its foreign subsidiary, Teledyne Netherlands B.V., as borrowers, and Teledyne FLIR, as guarantor, entered into an amendment (the “Third 2019 Term Loan Amendment”) to Teledyne’s Amended and Restated Term Loan Credit Agreement dated as of October 30, 2019, as amended by that certain First Amendment to Amended and Restated Term Loan Agreement dated as of January 19, 2021, and as further amended by that certain Second Amendment to Amended and Restated Term Loan Agreement dated as of March 4, 2021 (the “2019 Term Loan Credit Agreement”).

As amended by the Third 2019 Term Loan Amendment, the 2019 Term Loan Credit Agreement includes customary language to provide for the phase out and replacement of LIBOR as a benchmark rate for determining the interest rate on loans thereunder, to provide for the recovery of any erroneous payments as may be made by the administrative agent to the lenders thereunder and to provide for certain other administrative matters. The amendment also provides that the applicable margin to be added to the benchmark rate in determining the interest rate will be determined by reference to the ratings established by S&P and Moody’s from time to time for Teledyne’s long term, unsecured, senior, non-credit enhanced indebtedness, rather than Teledyne’s consolidated leverage ratio.

General

In the ordinary course of their respective businesses, certain of the lenders and the other parties to the Amended and Restated Credit Agreement and the 2019 Term Loan Credit Agreement (as amended in each such case) and their respective affiliates have engaged, and may in the future engage, in commercial banking, investment banking, financial advisory or other services with Teledyne and its affiliates for which they have in the past and/or may in the future receive customary compensation and expense reimbursement.

The descriptions set forth above are qualified in their entirety by the First Amendment to Amended and Restated Credit Agreement and the Third 2019 Term Loan Amendment, copies of which are filed as exhibits to this report and are incorporated by reference herein.

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SIGNATURES

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 thereunto duly authorized.

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Teledyne Technologies Incorporated

Index to Exhibits