$3bn committed across 2 active facilities, next covenant test Sep 30, 2026. FUL
The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters ending on or after the Effective Date for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 2.00 to 1.00.Read the filing on sec.gov ↗
The Borrower will not permit the ratio (the “Secured Leverage Ratio”), determined as of the end of each of its fiscal quarters, of (i) Consolidated Total Indebtedness that is secured by a Lien on such date to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be greater than 4.50 to 1.00.Read the filing on sec.gov ↗
The Borrower will not permit the ratio ... of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense ... to be less than 2.00 to 1.00.Read the filing on sec.gov ↗
The Borrower will not permit the ratio ... of (i) Consolidated Total Indebtedness that is secured by a Lien on such date to (ii) Consolidated EBITDA ... to be greater than 4.50 to 1.00; provided, that, upon ... the applicable maximum Secured Leverage Ratio ... shall be increased ... by 0.50 to 1.00.Read the filing on sec.gov ↗
Signed Jun 25, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Term Facility | $917m | n/a | 250 bps |
Priced over Term SOFR, floor 50 bps (Term Loan A).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Level 1 | all times | 250 bps | n/a |
Lenders: GOLDMAN SACHS BANK USA
Signed Jun 25, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Term Facility | $1.39bn | n/a | n/a |
| Revolving Facility | $700m | n/a | n/a |
Priced over Term SOFR, floor 50 bps (Term Loan A).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level flat | all times | n/a | n/a |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level flat | all times | n/a | n/a |
| Level 1 | Less than 2.50:1.00 | n/a | 20 bps |
| Level 2 | Equal to or higher than 2.50:1.00 and lower than 3.25:1.00 | n/a | 25 bps |
| Level 3 | Equal to or higher than 3.25:1.00 and lower than 4.00:1.00 | n/a | 30 bps |
| Level 4 | Equal to or higher than 4.00:1.00 and lower than 4.75:1.00 | n/a | 35 bps |
| Level 5 | Equal to or higher than 4.75:1.00 | n/a | 40 bps |
Lenders: Goldman Sachs Bank USA
No amendments on file yet.
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