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AI brief of an SEC Form 8-K · New York Times (NYT)

New York Times signs unsecured $400 million revolving credit agreement through 2030

Neutral Impact 3 of 5 financing Written later

The New York Times Company entered into a Second Amended and Restated Credit Agreement dated June 13, 2025, providing up to $400.0 million of unsecured revolving credit through June 13, 2030. It replaces the July 27, 2022 agreement, and no initial borrowing was made.

Key points

  • Revolving credit facility of up to $400.0 million, running five years through June 13, 2030
  • No initial borrowing under the agreement
  • Maximum Consolidated Leverage Ratio of 3.50:1.00, with a temporary increase to 4.00:1.00 after a Material Acquisition
  • Covenants generally permit continued regular quarterly dividends and common stock repurchases if in pro forma compliance

The filing

CompanyNew York Times (NYT)
Form8-K, current report
Filed with the SECJun 18, 2025, 8:32 AM ET
Accession number0001193125-25-142415

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 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 June 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.