Liberty Capital adds $270 million term loan to refinance $451 million 2028 notes
On October 28, 2026, Liberty Capital's subsidiary GCI, LLC entered Amendment No. 3 to its credit agreement, adding a $270 million senior secured term A loan maturing October 28, 2031. GCI used the loan proceeds, together with revolver borrowings, to redeem all of the approximately $451 million of its 4.750% Senior Notes due 2028, which extended certain revolver and term loan maturities to 2030 and 2031. The new debt is secured by substantially all assets of GCI and its subsidiary guarantors.
Key points
- $270 million Incremental Term A-3 Loans mature October 28, 2031, with a current SOFR margin of 2.50% (range 2.50% to 3.25%).
- Proceeds and revolver borrowings funded the October 28, 2026 redemption of all approximately $451 million of 4.750% Senior Notes due 2028.
- On October 16, 2026, the revolving facility rose $30 million to $480 million; revolver maturity extends to March 25, 2030 and Term A loan maturity to March 25, 2031.
- Obligations are secured by substantially all assets of GCI and the subsidiary guarantors, and by equity interests in GCI Holdings, LLC.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing 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 October 28, 2026.
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