Loan & DebtJun 29, 2026, 04:41 PM
GCI Liberty Secures $480M in New Loan Facilities
AI Summary
GCI, LLC, a wholly-owned subsidiary of Liberty Capital Corporation, entered into an amendment to its Ninth Amended and Restated Credit Agreement. This amendment establishes new loan facilities, including a $155 million Term A-1 Loan and a $25 million New L/C Facility, primarily to fund the acquisition of Q Gateway Intermediate Holdings, LLC (the "Quintillion Acquisition"). Additionally, GCI secured a $300 million Term A-2 Loan for general corporate purposes, including the retirement of existing indebtedness. The loans have varying maturity dates and interest rates tied to GCI's total leverage ratio.
Key Highlights
- GCI, a subsidiary of Liberty Capital, amended its Ninth Amended and Restated Credit Agreement.
- Secured a $155 million delayed draw Term A-1 Loan for the Quintillion Acquisition.
- Obtained a $25 million incremental revolving New L/C Facility for letters of credit related to the acquisition.
- Received a $300 million incremental Term A-2 Loan for general corporate purposes and debt retirement.
- Term A-1 Loan matures on the earlier of December 15, 2031, or the fifth anniversary of funding.
- Term A-2 Loan matures on June 29, 2031, with quarterly principal payments.
- Interest rates for Term A Loans are SOFR plus a margin varying from 2.00% to 2.75% based on leverage ratio.
Price Impact
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