TDS extends credit facility maturity, increases debt capacity by $300M

TELEPHONE & DATA SYSTEMS INC /DE/

Fourth Amendment to credit agreement extends maturity to 5th anniversary of Dec 8, 2025.
Removes 10-25 bps credit spread adjustment on Term SOFR interest rate.
Maximum permitted cash netting for leverage ratio capped at consolidated EBITDA of prior four quarters.
Secured debt capacity for TDS and subsidiaries (including Array) increased by $300 million aggregate.
Array subsidiary concurrently entered Fifth Amendment to its own credit agreement; terms incorporated by reference.

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

TELEPHONE & DATA SYSTEMS INC /DE/ amended Fourth Amendment with Wells Fargo Bank, National Association, as administrative agent, and the other lenders thereto valued at an aggregate amount of $300 million (effective 2025-12-08).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the other lenders thereto
Value: an aggregate amount of $300 million
Effective: 2025-12-08

Exact text from the filing

On December 8, 2025 (the “Effective Date”), Telephone and Data Systems, Inc. (“TDS”), entered into the Fourth Amendment (the “Amendment”) to First Amended and Restated Credit Agreement among TDS, Wells Fargo Bank, National Association, as administrative agent, and the other lenders thereto (the “Credit Agreement”).

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TELEPHONE & DATA SYSTEMS INC /DE/ filing history →

Source: SEC EDGAR

accession 0001051512-25-000077

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