Comcast enters new $11.8B unsecured revolver replacing $11B prior facility

COMCAST CORP

New $11.8B revolving credit facility expires May 17, 2029; can be increased to $14.8B and extended to 2031.
Prior $11B credit agreement terminated; no borrowings outstanding under either facility.
Facility is guaranteed by Comcast Cable and NBCUniversal; leverage covenant set at ≤5.75x.
No amounts currently drawn; only existing letters of credit reduce availability.
Interest based on base rate, floating rate, or fixed; credit spreads tied to Comcast's debt ratings.

item 1.01 item 1.02 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COMCAST CORP terminated prior credit agreement (effective 2024-05-17).

Action: termination
Agreement: credit facility
Effective: 2024-05-17

Exact text from the filing

f March 30, 2021 (the “prior credit agreement”) among Comcast, the financial institutions party thereto, JPMorgan Chase Bank,

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COMCAST CORP entered into credit agreement with the financial institutions party thereto (the "lenders") valued at $11,800,000,000 (effective 2024-05-17).

Action: entry
Agreement: credit facility
Counterparty: the financial institutions party thereto (the "lenders")
Value: $11,800,000,000
Effective: 2024-05-17

Exact text from the filing

On May 17, 2024, Comcast Corporation ("Comcast") entered into a credit agreement (the "credit agreement") among Comcast, the financial institutions party thereto (the "lenders"), JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, and Bank of America, N.A., Barclays Bank PLC, Mizuho Bank, Ltd., Morgan Stanley MUFG Loan Partners, LLC and Wells Fargo Bank, National Association, as co-documentation agents.

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Source: SEC EDGAR

accession 0000950103-24-006839

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