Liberty Capital Corp/NV (GLIBA) Form 8-K — Oct 28, 2026
On October 28, 2026, GCI, LLC, a wholly-owned subsidiary of Liberty Capital Corporation, entered Amendment No. 3 to its credit agreement, adding a $270 million incremental senior secured Term A-3 loan maturing October 28, 2031 at SOFR plus 2.50% (currently). Together with an increased $480 million revolver, proceeds were used to redeem in full the approximately $451 million of 4.750% Senior Notes due 2028. The full redemption of the 2028 Notes also removed the springing-maturity overhang: GCI's revolving credit facilities now mature March 25, 2030 and its Term A Loans March 25, 2031, rather than 91 days before the notes' maturity.
Key figures
- Debt Amount
- 270000000
- Interest Rate
- SOFR + 2.50%-3.25% (currently 2.50%) on Incremental Term A-3 Loans; SOFR + 1.50%-2.25% (currently 1.50%) on Amended Revolving Facility
- Maturity Date
- 2028-10-28-adjacent stated as October 28, 2031 (Incremental Term A-3); revolving facilities extended to March 25, 2030 and Term A Loans to March 25, 2031
- Notes redeemed
- $451 million (approx.) of 4.750% Senior Notes due 2028
- Revolver increase
- 30000000
- Amended revolver size
- 480000000
- Quarterly amortization
- 0.25% of original principal, step-up to 1.25% based on secured leverage ratio
- Incremental term a3 amount
- 270000000
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