TERM LOAN CREDIT AGREEMENT
Signed Aug 20, 2026
- Committed
- $2bn
- Matures
- n/a
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Senior Delayed Draw Term Loan Facility | $2bn | n/a | 63–125 bps |
Priced over Term SOFR, floor 0 bps (Delayed draw term loan).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level I | Debt Rating: A+/A1 or higher | 63 bps | 7 bps |
| Level II | Debt Rating: A/A2 | 75 bps | 8 bps |
| Level III | Debt Rating: A-/A3 | 88 bps | 10 bps |
| Level IV | Debt Rating: BBB+/Baa1 | 100 bps | 13 bps |
| Level V | Debt Rating: BBB/Baa2 or lower | 125 bps | 18 bps |
Lenders: BOFA SECURITIES, INC., WELLS FARGO SECURITIES, LLC, Bank of America, N.A., Wells Fargo Bank, National Association, Bank of China, New York Branch, China Construction Bank Corporation, New York Branch, MUFG Bank, Ltd., PNC Bank, National Association, State Bank of India, New York Branch, Industrial and Commercial Bank of China Limited, New York Branch, Fifth Third Bank, National Association, Mizuho Bank, Ltd.