Signed Jul 19, 2026
- Committed
- $2.25bn
- Matures
- n/a
- Agent
- Citibank, N.A.
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $2.25bn | n/a | 113–275 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Non-Investment Grade Level 1 | Utilization Percentage X is less than 25% | 175 bps | 38 bps |
| Level Non-Investment Grade Level 2 | Utilization Percentage X is greater than or equal to 25% and less than 50% | 200 bps | 50 bps |
| Level Non-Investment Grade Level 3 | Utilization Percentage X is greater than or equal to 50% and less than 75% | 225 bps | n/a |
| Level Non-Investment Grade Level 4 | Utilization Percentage X is greater than or equal to 75% and less than 90% | 250 bps | n/a |
| Level Non-Investment Grade Level 5 | Utilization Percentage X is greater than or equal to 90% | 275 bps | n/a |
| Level Investment Grade Level 1 | Applicable Rating Level Baa1 / BBB+ or higher | 113 bps | 13 bps |
| Level Investment Grade Level 2 | Applicable Rating Level Baa2 / BBB | 125 bps | 15 bps |
| Level Investment Grade Level 3 | Applicable Rating Level Baa3 / BBB- | 150 bps | 20 bps |
| Level Investment Grade Level 4 | Applicable Rating Level Ba1 / BB+ | 175 bps | 25 bps |
| Level Investment Grade Level 5 | Applicable Rating Level Ba2 / BB or lower | 200 bps | 30 bps |
Lenders: Citibank, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., Capital One, National Association, KeyBank National Association, MUFG Bank, Ltd., PNC Capital Markets LLC, Regions Bank, The Bank of Nova Scotia, Houston Branch, Truist Bank, Fifth Third Bank, N.A. as successor by merger to Comerica Bank, National Association