secwatch.observer — SEC 8-K summary
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Issuer:     ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
CIK:        0000821130
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0000821130-25-000074
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Array cuts credit facility to $100M from $300M, extends maturity five years
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821130/000082113025000074/0000821130-25-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821130/000082113025000074/ad-20251208.htm
  HTML page:      https://secwatch.observer/filing/0000821130-25-000074

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