Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 49

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 49
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 value of the net written call option. The change in fair value is recorded to (Gain) loss on license sales and exchanges, net in the Consolidated Statement of Operations.See Note 11 — Subsequent Events for additional information related to divestitures.

Note 7 Investments in Unconsolidated Entities Investments in unconsolidated entities consist of amounts invested in entities in which Array holds a noncontrolling interest. Array’s Investments in unconsolidated entities are accounted for using the equity method, measurement alternative method or net asset value practical expedient method as shown in the table below. The carrying value of measurement alternative method investments represents cost minus any impairments plus or minus any observable price changes. June 30, 2025December 31, 2024(Dollars in millions)Equity method investments$431 $440 Measurement alternative method investments5 5 Investments recorded using the net asset value practical expedient8 9 Total investments in unconsolidated entities$444 $454 The following table, which is based on unaudited information provided in part by third parties, summarizes the combined results of operations of Array’s equity method investments.Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(Dollars in millions)Revenues$1,933 $1,821 $3,841 $3,663 Operating expenses1,511 1,413 3,028 2,828 Operating income422 408 813 835 Other income (expense), net(3)8 (15)(1)Net income$419 $416 $798 $834 

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Note 8 Debt Revolving Credit AgreementArray has an unsecured revolving credit agreement with a maximum borrowing capacity of $300 million. Amounts under the agreement may be borrowed, repaid and reborrowed from time to time until maturity. In April 2025, Array amended the revolving credit agreement to extend the maturity date to July 2027 and allow for permitted dispositions, as specified in the amendment. The amendment also includes a provision that was triggered upon the sale of the Array wireless operations to T-Mobile, which occurred on August 1, 2025, which accelerated the maturity date to the earliest of (i) 270 days following the consummation of the sale of the Array wireless operations to T-Mobile, (ii) the date on which Array receives net proceeds from the cumulative