Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TELEPHONE & DATA SYSTEMS INC /DE/ incurred term loan of $300 million with Wells Fargo Bank, National Association as Administrative Agent at secured overnight financing rate (SOFR) or at an alternative base rate, plus, in maturing the earlier of (i) September 28, 2026 and (ii) the date that is 91 days prior to the scheduled maturity date of TDS’ existing revolving credit agreement (which.
- Instrument
- term loan
- Principal
- $300 million
- Counterparty
- Wells Fargo Bank, National Association as Administrative Agent
- Rate
- secured overnight financing rate (SOFR) or at an alternative base rate, plus, in
- Maturity
- the earlier of (i) September 28, 2026 and (ii) the date that is 91 days prior to the scheduled maturity date of TDS’ existing revolving credit agreement (which
- Event
- incurrence
Exact text from the filing
On September 28, 2023 (Effective Date), Telephone and Data Systems, Inc. (TDS) entered into a $300 million Senior Secured Credit Agreement (Credit Agreement) among TDS as Borrower, the lenders from time to time party thereto, Wells Fargo Bank, National Association as Administrative Agent, and Citibank, N.A., TD Securities (USA) LLC and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
TELEPHONE & DATA SYSTEMS INC /DE/ entered into Senior Secured Credit Agreement with Wells Fargo Bank, National Association, Citibank, N.A., TD Securities (USA) LLC and Wells Fargo Securities, LLC valued at $300 million secured term loan credit facility (effective 2023-09-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, Citibank, N.A., TD Securities (USA) LLC and Wells Fargo Securities, LLC
- Value
- $300 million secured term loan credit facility
- Effective
- 2023-09-28
Exact text from the filing
On September 28, 2023 (Effective Date), Telephone and Data Systems, Inc. (TDS) entered into a $300 million Senior Secured Credit Agreement (Credit Agreement) among TDS as Borrower, the lenders from time to time party thereto, Wells Fargo Bank, National Association as Administrative Agent, and Citibank, N.A., TD Securities (USA) LLC and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners.
View on SEC.gov