AMENDED AND RESTATED CREDIT AGREEMENT
Signed Sep 17, 2026
- Committed
- $1.25bn
- Matures
- Mar 2030
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving Facility | $1.25bn | Mar 2030 | 65–155 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level 1 (pre-IG) | < 0.30 to 1.00 | 105 bps | n/a |
| Level 2 (pre-IG) | > 0.30 to 1.00 and < 0.35 to 1.00 | 110 bps | n/a |
| Level 3 (pre-IG) | > 0.35 to 1.00 and < 0.40 to 1.00 | 115 bps | n/a |
| Level 4 (pre-IG) | > 0.40 to 1.00 and < 0.45 to 1.00 | 120 bps | n/a |
| Level 5 (pre-IG) | > 0.45 to 1.00 and < 0.50 to 1.00 | 125 bps | n/a |
| Level 6 (pre-IG) | > 0.50 to 1.00 and < 0.55 to 1.00 | 130 bps | n/a |
| Level 7 (pre-IG) | > 0.55 | 155 bps | n/a |
| Level 1 (post-IG) | ≥A / ≥A2 / ≥A | 65 bps | n/a |
| Level 2 (post-IG) | A- / A3 / A- | 68 bps | n/a |
| Level 3 (post-IG) | BBB+ / Baa1 / BBB+ | 73 bps | n/a |
| Level 4 (post-IG) | BBB / Baa2 / BBB | 80 bps | n/a |
| Level 5 (post-IG) | BBB- / Baa3 / BBB- | 100 bps | n/a |
| Level 6 (post-IG) | <BBB- / <Baa3 / <BBB- or non-rated | 135 bps | n/a |
| Level Facility Fee Level 1 (pre-IG) | Pricing Level 1 | n/a | 15 bps |
| Level Facility Fee Level 2 (pre-IG) | Pricing Level 2 | n/a | 15 bps |
| Level Facility Fee Level 3 (pre-IG) | Pricing Level 3 | n/a | 20 bps |
| Level Facility Fee Level 4 (pre-IG) | Pricing Level 4 | n/a | 20 bps |
| Level Facility Fee Level 5 (pre-IG) | Pricing Level 5 | n/a | 25 bps |
| Level Facility Fee Level 6 (pre-IG) | Pricing Level 6 | n/a | 30 bps |
| Level Facility Fee Level 7 (pre-IG) | Pricing Level 7 | n/a | 35 bps |
| Level Facility Fee Level 1 (post-IG) | Pricing Level 1 | n/a | 10 bps |
| Level Facility Fee Level 2 (post-IG) | Pricing Level 2 | n/a | 13 bps |
| Level Facility Fee Level 3 (post-IG) | Pricing Level 3 | n/a | 15 bps |
| Level Facility Fee Level 4 (post-IG) | Pricing Level 4 | n/a | 20 bps |
| Level Facility Fee Level 5 (post-IG) | Pricing Level 5 | n/a | 25 bps |
| Level Facility Fee Level 6 (post-IG) | Pricing Level 6 | n/a | 30 bps |
Lenders: BOFA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., WELLS FARGO SECURITIES, LLC