Array Digital Infrastructure Cuts Credit Facility to $100 Million and Extends Maturity

Reuters12-12 21:54

Array Digital Infrastructure Cuts Credit Facility to $100 Million and Extends Maturity

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.

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. Array Digital Infrastructure 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: 0000821130-25-000074), on December 12, 2025, and is solely responsible for the information contained therein.

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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.\n      \n\nDisclaimer: 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. 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