{"schema_version":"secwatch.filing_event.v1","accession":"0001051512-22-000065","form_type":"8-K","ticker":"TDS","cik":"0001051512","company_name":"TELEPHONE & DATA SYSTEMS INC /DE/","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.426941+00:00","generated_at":"2026-06-21T19:17:35.075989+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"TDS enters $150M unsecured term loan facility with Export Development Canada to finance Nokia purchases","bullets":["$150 million term loan facility to finance/refinance purchases of goods and services from Nokia OYJ.","Borrowings bear interest at SOFR or alternative base rate plus applicable margin, at TDS' option.","Financial covenants: consolidated interest coverage ratio >= 3.00x; consolidated leverage ratio <= 3.75x.","Loan is unsecured; certain subsidiaries are guarantors; change in control triggers default and repayment.","Borrowings must be made by April 9, 2023; maturity is five years from first borrowing."],"urls":{"canonical":"https://secwatch.observer/filing/0001051512-22-000065","json":"https://secwatch.observer/filing/0001051512-22-000065.json","markdown":"https://secwatch.observer/filing/0001051512-22-000065.md","text":"https://secwatch.observer/filing/0001051512-22-000065.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1051512/000105151222000065/0001051512-22-000065-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1051512/000105151222000065/tds-20221109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T19:17:35.075989+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c5ded4ae20dda71d1ec4bf48c30dec1e6762f47a","claim":"TELEPHONE & DATA SYSTEMS INC /DE/ incurred term loan of $150 million with Export Development Canada at secured overnight financing rate (SOFR) or at an alternative base rate, plus, in maturing five year anniversary of the first borrowing.","evidence_excerpt":"On November 9, 2022 (Effective Date), Telephone and Data Systems, Inc. (TDS) entered into a $150 million Credit Agreement (Credit Agreement) by and between TDS as Borrower and Export Development Canada as Lender.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1051512/000105151222000065/0001051512-22-000065-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$150 million"},{"label":"Counterparty","value":"Export Development Canada"},{"label":"Rate","value":"secured overnight financing rate (SOFR) or at an alternative base rate, plus, in"},{"label":"Maturity","value":"five year anniversary of the first borrowing"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c3da35077b2f01da517f5b33a7478a350642bbb5","claim":"TELEPHONE & DATA SYSTEMS INC /DE/ entered into Credit Agreement with Export Development Canada valued at $150 million (effective 2022-11-09).","evidence_excerpt":"On November 9, 2022 (Effective Date), Telephone and Data Systems, Inc. (TDS) entered into a $150 million Credit Agreement (Credit Agreement) by and between TDS as Borrower and Export Development Canada as Lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1051512/000105151222000065/0001051512-22-000065-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Export Development Canada"},{"label":"Value","value":"$150 million"},{"label":"Effective","value":"2022-11-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}