TDS Extends Credit Agreement Maturity and Increases Debt Capacity by $300 Million
I'm PortAI, I can summarize articles.
TDS has amended its credit agreement with Wells Fargo, extending the maturity date to December 8, 2025, and increasing debt capacity by $300 million. The amendment removes the credit spread adjustment to the Term SOFR interest rate and caps cash netting for leverage ratio calculations at consolidated EBITDA for the prior four quarters. This change affects both secured and unsecured debt capacities at TDS and its subsidiaries.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments