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Array Digital Infrastructure Cuts Credit Facility to $100 Million and Extends Maturity
Toronto-Dominion Bank TD | 94.03 | +0.44% |
Telephone and Data Systems, Inc. TDS | 43.79 | +0.37% |
Array Digital Infrastructure, Inc. AD | 46.58 | -0.02% |
Array Digital Infrastructure Inc. has entered into a Fifth Amendment to its First Amended and Restated Credit Agreement with Toronto Dominion (Texas) LLC and other lenders. The amendment reduces Array's borrowing capacity from $300 million to $100 million, with parallel reductions in its letter of credit and swing line capacities. The maturity date of the facility has been extended to five years from December 8, 2025. Additionally, the amendment removes the credit spread adjustment previously applied to the Term SOFR interest rate and changes the maximum permitted cash netting for leverage ratio calculations. The capacity for secured and unsecured debt at Array and its subsidiaries, as well as at its parent company and other affiliates, is increased by a total of $300 million.


