debt
confidence high
sentiment neutral
materiality 0.55
UScellular amends credit facility with $800M Term Loan A-3 and board change
ARRAY DIGITAL INFRASTRUCTURE, INC.
- Fourth Amended Credit Agreement adds $800M Term Loan A-3 facility contingent on T-Mobile deal closing and repayment of existing $500M term loans.
- Existing $200M Term Loan A-1 and $300M Term Loan A-2 continue; A-3 funds general corporate purposes and a special dividend.
- Covenants: Interest Coverage Ratio ≥3.00x; Leverage Ratio ≤3.75x pre-closing, ≤3.50x post-closing.
- Director James W. Butman resigned July 1, 2025; Kenneth Dixon (TDS Telecom CEO) elected Series A Director same date.
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