U.S. Cellular Corporation has successfully amended and restated its existing credit agreement, enhancing its financial flexibility with a substantial $800 million commitment. The Fourth Amended and Restated Credit Agreement, effective as of June 25, 2025, consolidates previous loans totaling $500 million and introduces a new Term Loan A-3 Facility. This facility is contingent on the full repayment of existing loans and the completion of transactions outlined in a Securities Purchase Agreement with T-Mobile US, Inc. The funding is earmarked for general corporate purposes, fees, and potentially a special dividend related to the agreement. This strategic financial move underscores U.S. Cellular's ongoing efforts to optimize its capital structure.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.