---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-167872"
form_type: "8-K"
ticker: "FOXA"
cik: "0001754301"
company_name: "Fox Corp"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:24:26.099968+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Fox Corp enters $1.0B revolving credit facility; terminates prior $1.0B facility

## Summary
- New $1.0B unsecured revolving credit facility, expandable to $1.75B, matures June 14, 2028 with two possible one-year extensions.
- Facility replaces existing March 2019 credit agreement; no funds were borrowed under either facility.
- Interest rates based on Base Rate or Adjusted Term SOFR plus margins tied to public debt ratings; facility fee also rating-based.
- Operating income leverage covenant of 4.5x, subject to increase for material acquisitions.

## SEC filing metadata
- accession: 0001193125-23-167872
- form_type: 8-K
- ticker: FOXA
- cik: 0001754301
- company_name: Fox Corp
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754301/000119312523167872/0001193125-23-167872-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754301/000119312523167872/d630896d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-167872
- JSON: https://secwatch.observer/filing/0001193125-23-167872.json
- Plain text: https://secwatch.observer/filing/0001193125-23-167872.txt

## Key facts
- Debt Financings
  Fox Corp incurred revolving credit of $1.0 billion (which the Company may request to increase to $1.75 billion) with Citibank, N.A., as Administrative Agent, Deutsche Bank Securities Inc. and Goldman Sachs Bank USA, as Co-Syndication Agents, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., as Co-Documentation Agents at (1) the Base Rate ... plus the applicable margin for Base Rate advances, or (2) maturing June 14, 2028.
  - Instrument: revolving credit
  - Principal: $1.0 billion (which the Company may request to increase to $1.75 billion)
  - Counterparty: Citibank, N.A., as Administrative Agent, Deutsche Bank Securities Inc. and Goldman Sachs Bank USA, as Co-Syndication Agents, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., as Co-Documentation Agents
  - Rate: (1) the Base Rate ... plus the applicable margin for Base Rate advances, or (2)
  - Maturity: June 14, 2028
  - Event: incurrence
  source text: The Revolving Credit Agreement consists of a $1.0 billion (which the Company may request to increase to $1.75 billion) five-year unsecured revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754301/000119312523167872/0001193125-23-167872-index.htm
- Material Agreements
  Fox Corp terminated Credit Agreement, dated as of March 15, 2019 with the other parties party thereto (effective 2023-06-14).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: the other parties party thereto
  - Effective: 2023-06-14
  source text: On June 14, 2023, the Company terminated the Existing Credit Agreement in connection with entry into the Revolving Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754301/000119312523167872/0001193125-23-167872-index.htm
- Material Agreements
  Fox Corp entered into Revolving Credit Agreement with the initial lenders named therein, Citibank, N.A., as Administrative Agent, Deutsche Bank Securities Inc. and Goldman Sachs Bank USA, as Co-Syndication Agents, and JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., as Co-Documentation Agents valued at $1.0 billion (which the Company may request to increase to $1.75 billion) (effective 2023-06-14).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: the initial lenders named therein, Citibank, N.A., as Administrative Agent, Deutsche Bank Securities Inc. and Goldman Sachs Bank USA, as Co-Syndication Agents, and JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., as Co-Documentation Agents
  - Value: $1.0 billion (which the Company may request to increase to $1.75 billion)
  - Effective: 2023-06-14
  source text: On June 14, 2023, Fox Corporation (the “Company”) entered into a credit agreement (the “Revolving Credit Agreement”), among the Company, as Borrower, the initial lenders named therein (the “Lenders”), the initial issuing banks named therein, Citibank, N.A. (“Citibank”), as Administrative Agent, Deutsche Bank Securities Inc. (“Deutsche Bank”) and Goldman Sachs Bank USA (“Goldman Sachs”), as Co-Syndication Agents, and JPMorgan Chase Bank, N.A. (“JPM”) and Morgan Stanley Senior Funding, Inc. (“Morgan Stanley”), as Co-Documentation Agents.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754301/000119312523167872/0001193125-23-167872-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.