secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0000821130-25-000039
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UScellular amends credit facility with $800M Term Loan A-3 and board change
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000082113025000039/0000821130-25-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000082113025000039/usm-20250625.htm
  HTML page:      https://secwatch.observer/filing/0000821130-25-000039

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