GCI amends credit facility, adds $480M in term loans and $25M L/C facility for acquisition

Filed June 29, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

• high

  GCI added $480M in new term loans ($155M contingent on Quintillion acquisition, $300M immediate) and a $25M letter-of-credit facility to fund the acquisition and retire existing debt.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  New term loans price at SOFR plus 2.00%-2.75% (or base rate plus 1.00%-1.75%), with margin tied to GCI's total leverage ratio.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Term A-2 Loan ($300M) amortizes quarterly at 0.25%-1.25% of principal based on secured leverage; Term A-1 Loan ($155M) has two-year grace period then steps up to 5% annually.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →