New York Times enters $400M revolving credit facility, maturing June 2030

NEW YORK TIMES CO

New credit agreement upsizes prior $350M facility to $400M; no initial borrowing.
Five-year term through June 13, 2030; covenants include max leverage ratio of 3.50x (4.00x after material acquisition).
Facility is unsecured; replaces prior 2022 credit agreement.
Dividends and share repurchases permitted if pro forma compliance with covenant and no default.

item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.