Fox entered into a Term Loan Credit Agreement for a senior unsecured $1.0 billion term loan facility to help fund its pending acquisition of Roku. The facility, arranged by Morgan Stanley as administrative agent and a syndicate of lenders, will fund upon the acquisition closing and matures two years thereafter. Interest will be based on Base Rate or Term SOFR plus a ratings-based margin, with optional prepayments permitted. The agreement also allows up to $1.0 billion of additional term loans and includes customary covenants and a commitment fee on unused commitments starting Oct. 12, 2026.
Agreement details:
- Agreement type: Senior unsecured term loan facility
- Counterparty: Morgan Stanley, as Administrative Agent, and other lenders
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: 2 years from Acquisition close
- Reason: Fund a portion of Roku acquisition consideration
Original SEC Filing:
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