Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 203

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 203
---
 the review and other changes in asset retirement obligations during the nine months ended September 30, 2025 were as follows:Asset Retirement Obligations(Dollars in thousands)Balance at December 31, 2024$174,825 Additional liabilities accrued168 Revisions in estimated cash outflows16,882 Disposition of assets(166)Accretion expense6,581 Balance at September 30, 2025$198,290 

Note 10 Debt Revolving Credit AgreementArray has an unsecured revolving credit agreement with a maximum borrowing capacity of $300.0 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 included 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 April 2026. Additionally, the amendment to the revolving credit agreement included a provision that will be triggered upon Array receiving net proceeds from the cumulative sale of wireless spectrum licenses to AT&T, Verizon and other parties that equals or exceeds $500.0 million, which provision will automatically reduce the maximum borrowing capacity of the revolving credit agreement from $300.0 million to $150.0 million five business days after Array's receipt of such net proceeds. As of September 30, 2025, there were no outstanding borrowings under the agreement, except for letters of credit, and Array's unused borrowing capacity was $299.9 million.Term Loan AgreementsIn August 2025, Array repaid the entire outstanding borrowings under its term loan agreements of $713.3 million. In August 2025, Array borrowed $325.0 million under a term loan agreement with CoBank, ACB. The maturity date of the term loan is June 2030. Borrowings bear interest at a rate of Secured Overnight Financing Rate (SOFR) plus 2.50%.Export Credit Financing AgreementIn August 2025, Array repaid the entire outstanding borrowings under its term loan agreement with Export Development Canada of $150.0 million.Receivables Securitization AgreementArray, through its subsidiaries, had a receivables securitization agreement that permitted securitized borrowings using its equipment installment plan