Comcast signs $11.8 billion revolving credit facility, replacing $11 billion prior facility
Comcast entered into a new unsecured revolving credit agreement on May 17, 2024, providing up to $11.8 billion for general corporate purposes, and terminated its prior $11 billion facility the same day. Comcast had no borrowings outstanding under the prior facility and has not borrowed under the new one, though existing letters of credit reduce availability. The new facility runs to May 17, 2029, and the filing says it can be increased to $14.8 billion and extended to May 17, 2031 with lender agreement.
Key points
- New $11.8 billion unsecured revolving credit facility, expiring May 17, 2029, guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC
- Facility can be increased up to $14.8 billion and extended to no later than May 17, 2031, with lender agreement
- Covenant requires leverage ratio of no greater than 5.75 to 1.00 at each fiscal quarter end
- Prior $11 billion credit agreement dated March 30, 2021 was terminated; no borrowings were outstanding
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 17, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.