Company: UZF
Filing Date: 2025-06-30
Form Type: 8-K
Source: 0000821130-25-000039
Chunk: 1

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-06-30
Form: 8-K
Item: Item 1.01
Chunk 1
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 3.00 to 1.00 as of the end of any fiscal quarter.

2. Consolidated Leverage Ratio (the ratio of Consolidated Funded Indebtedness less cash and Cash Equivalents to Consolidated EBITDA) may not be greater than (i) for any fiscal quarter ending prior to the consummation of the transactions contemplated by the Securities Purchase Agreement, 3.75 to 1.00 and (ii) for any fiscal quarter ending after the consummation of the transactions contemplated by the Securities Purchase Agreement (including the quarter in which such consummation occurs), 3.50 to 1.00, in each case as of the end of any such fiscal quarter.

The term loans under the Fourth Amended and Restated Credit Agreement are unsecured and subject to certain limitations. Additionally, certain wholly-owned subsidiaries are guarantors under the Fourth Amended and Restated Credit Agreement.

Except as disclosed herein, the Fourth Amended and Restated Credit Agreement includes representations and warranties, covenants, events of default and other terms and conditions that are substantially similar to UScellular’s existing credit agreements.

A Change of Control, as such term is defined in the Fourth Amended and Restated Credit Agreement, of UScellular would constitute a default and would enable the required lenders and the Administrative Agent to require all borrowings outstanding under the Fourth Amended and Restated Credit Agreement to be repaid.

The Term Loan A-1 Facility is due and payable in quarterly installments at a rate of $750,000 per quarter until it matures on July 30, 2028, when the remaining unpaid principal balance of the Term Loan A-1 Facility is due in full. The Term Loan A-2 Facility is due and payable in quarterly installments at a rate of 0.25% of the outstanding principal amount through the fiscal quarter ending September 30, 2026, and thereafter at a rate of 0.625% of the outstanding principal amount until it matures on July 30, 2031, when the remaining unpaid principal balance of the Term Loan A-2 Facility is due in full. The Term Loan A-3 Facility is due and payable in quarterly installments at a rate of 0% through the fiscal quarter ending June 30, 2026, 0.625% from the fiscal quarter ending September 30, 2026 through the fiscal quarter ending June 30, 2029, and at a rate of 1.