debt
confidence high
sentiment neutral
materiality 0.60
Array cuts credit facility to $100M from $300M, extends maturity five years
ARRAY DIGITAL INFRASTRUCTURE, INC.
- Borrowing capacity reduced from $300M to $100M; LC sublimit from $30M to $10M; swing line from $25M to $10M.
- Maturity date extended to fifth anniversary of December 8, 2025 effective date.
- Credit spread adjustment on Term SOFR (10-25 bps) removed.
- Max cash netting for consolidated leverage ratio capped at trailing four-quarter EBITDA.
- Aggregate capacity for secured debt at Array and its subsidiaries increased by $300M.