Liberty Capital amended its credit agreement to add two senior secured term loan facilities totaling $455 million and a new $25 million letter of credit facility. The $155 million delayed-draw Term A-1 loan will help fund the Quintillion Acquisition, while the $300 million Term A-2 loan supports general corporate purposes, including retiring existing debt. A $25 million New L/C Facility will issue letters of credit, including replacements tied to the acquisition. Interest on the loans and the L/C facility is based on SOFR or an alternate base rate plus leverage-based margins, and the obligations are secured by substantially all assets of GCI and its subsidiary guarantors and the equity of GCI Holdings.

Agreement 1: Liberty Capital Adds $155 Million Delayed-Draw Term A-1 Loan to Fund Quintillion Deal

  • Agreement type: Senior secured delayed-draw Term A-1 loan facility
  • Counterparty: Credit Agricole Corporate and Investment Bank and other lenders
  • Signed / Effective: Jun 29 2026 / same
  • Duration / Termination: To Dec 15 2031 or 5 years from funding
  • Reason: Fund Quintillion Acquisition and related fees; refinance related debt

Agreement 2: Liberty Capital Secures $300 Million Term A-2 Loan Maturing 2031

  • Agreement type: Senior secured Term A-2 loan facility
  • Counterparty: Credit Agricole Corporate and Investment Bank and other lenders
  • Signed / Effective: Jun 29 2026 / same
  • Duration / Termination: To Jun 29 2031
  • Reason: General corporate purposes, including retiring existing GCI indebtedness

Agreement 3: Liberty Capital Adds $25 Million L/C Facility With Springing 2030 Maturity

  • Agreement type: Incremental revolving letter of credit facility
  • Counterparty: Credit Agricole Corporate and Investment Bank and other lenders
  • Signed / Effective: Jun 29 2026 / same
  • Duration / Termination: To Mar 25 2030, subject to springing maturities
  • Reason: Provide letters of credit for Quintillion Acquisition and operations

Original SEC Filing:

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