TDS amends credit agreement, extends maturity five years and adds $300 million debt capacity
Telephone and Data Systems entered a Fourth Amendment to its credit agreement with Wells Fargo as administrative agent, effective December 8, 2025. The amendment extends the maturity date to the fifth anniversary of the effective date and increases debt capacity by $300 million across TDS and its subsidiaries, including Array. Shareholders may care because the changes affect the company's borrowing terms and flexibility, though the filing does not state financial results or the amount drawn under the facility.
Key points
- Effective date of the Fourth Amendment is December 8, 2025.
- Maturity date extended to the fifth anniversary of the effective date.
- Credit spread adjustment on Term SOFR removed (previously 10, 15 and 25 basis points for one-, three- and six-month periods).
- Secured and unsecured debt capacity increased by an aggregate $300 million, and Array entered a related Fifth Amendment on the same date.
The filing
Written by AI on Nov 8, 2026, 1:01 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 December 12, 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.