Fox Corp (FOXA) Form 8-K — Jun 30, 2026
Fox Corporation entered into a $1.0 billion senior unsecured term loan credit agreement on June 30, 2026, with Morgan Stanley Senior Funding, Inc. as administrative agent, to finance a portion of the cash consideration for its previously announced acquisition of Roku, Inc. The term loan matures two years after the acquisition is consummated and the facility is funded. Interest is payable at either a Base Rate or Term SOFR plus an applicable margin tied to Fox's senior unsecured debt rating, and the agreement permits Fox to incur up to an additional $1.0 billion in term loans.
Key figures
- Debt Amount
- 1000000000
- Maturity
- 2 years after acquisition consummation and funding
- Bridge Facility
- $11.0 billion
- Bridge Commitment
- $12.0 billion
- Commitment Fee Rate L1
- 0.070%
- Commitment Fee Rate L5
- 0.175%
- Additional Term Loan Capacity
- $1.0 billion
- Applicable Margin Term SOFR L1
- 0.875%
- Applicable Margin Term SOFR L5
- 1.375%
- Operating Income Leverage Ratio
- 4.5 to 1.0
Price after filing
Close on the filing date to close N calendar days later (from $52.16). Historical, not a forecast.
AI analysis
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