TDS Extends Credit Agreement Maturity and Increases Debt Capacity by $300 Million

Telephone and Data Systems Inc. $(TDS)$ has entered into a Fourth Amendment to its First Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, and other lenders, effective December 8, 2025. The amendment extends the maturity date of the credit facility to the fifth anniversary of the effective date and removes the previously applicable credit spread adjustment to the Term SOFR interest rate. Additionally, the maximum permitted cash netting for consolidated leverage ratio calculations is now capped at an amount equal to consolidated EBITDA for the prior four fiscal quarters. The amendment also increases the capacity for secured debt at TDS and both secured and unsecured debt at its subsidiaries by a combined $300 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TDS - Telephone and Data Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001051512-25-000077), on December 12, 2025, and is solely responsible for the information contained therein.