secwatch.observer — SEC 8-K summary
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Issuer:     Fox Corp (FOXA)
CIK:        0001754301
Form:       8-K
Filed at:   2026-06-30T20:26:23+00:00
Accession:  0001193125-26-290605
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fox Corp enters $1B term loan facility to fund Roku acquisition
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- Entered into $1.0B senior unsecured term loan facility to partially fund the acquisition of Roku, Inc.
- Term loan matures two years after closing; interest based on SOFR or base rate plus margins tied to credit ratings.
- Syndicate includes Morgan Stanley, Citigroup, Deutsche Bank, Goldman Sachs, JPMorgan as joint lead arrangers.
- Facility includes an accordion feature allowing up to $1.0B additional term loans.
- Commitment fee begins October 12, 2026; financial covenant requires operating income leverage ratio of 4.5:1.0.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754301/000119312526290605/0001193125-26-290605-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754301/000119312526290605/d44317d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-290605

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