Company: UZF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000821130-25-000051
Chunk: 127

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1A
Chunk 127
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 2025.

Principal Payments Due by PeriodLong-Term Debt Obligations1Weighted-Avg. Interest Rates on Long-Term Debt Obligations2(Dollars in millions)Remainder of 2025$10 6.1 %202636 6.1 %2027351 5.9 %2028286 6.4 %20295 6.9 %Thereafter2,222 6.1 %Total$2,910 6.1 %

1The total long-term debt obligation differs from Long-term debt in the Consolidated Balance Sheet due to unamortized debt issuance costs on all non-revolving debt instruments and unamortized discounts related to the 6.7% Senior Notes. The debt exchange offer with T-Mobile concluded on August 1, 2025 and resulted in the exchange of $1,680 million of long-term debt. On August 4, 2025, Array repaid the entire outstanding borrowings under all of its term loan agreements of $713 million and the entire outstanding borrowings under its export credit financing agreement of $150 million. 

2Represents the weighted average stated interest rates at June 30, 2025, for debt maturing in the respective periods.

See Note 3 — Fair Value Measurements in the Notes to Consolidated Financial Statements for additional information related to the fair value of Array’s Long-term debt as of June 30, 2025. 

30

Financial Statements

Array Digital Infrastructure, Inc.

Consolidated Statement of Operations

(Unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024(Dollars and shares in millions, except per share amounts)Operating revenuesService$736 $743 $1,477 $1,497 Equipment sales180 184 330 380 Total operating revenues916 927 1,807 1,877 Operating expensesSystem operations (excluding Depreciation, amortization and accretion reported below)183 180 359 362 Cost of equipment sold209 211 387 427 Selling, general and administrative328 322 661 653 Depreciation, amortization and accretion163 165 325 329 (Gain) loss on asset disposals, net2 5 4 11 (Gain) loss on license sales and exchanges, net(4)8