secwatch.observer — SEC 8-K summary
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Issuer:     Fox Corp (FOXA)
CIK:        0001754301
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001193125-23-167872
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754301/000119312523167872/0001193125-23-167872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754301/000119312523167872/d630896d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-167872

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