Loan & DebtApr 30, 2026, 05:03 PM
SRAD Increases Revolving Credit Facility to 250M
AI Summary
Sportradar Group AG amended its existing revolving credit facility, increasing total commitments from 220.0 million to 250.0 million. The facility, under which there are currently no outstanding commitments, is borrowed by its subsidiary Sportradar Capital S. r.l. and guaranteed by other subsidiaries. Borrowings bear interest at EURIBOR (or Term SOFR/SONIA) plus a margin, currently 1.50% per annum, and are subject to customary covenants and a springing financial covenant.
Key Highlights
- Revolving Credit Facility (RCF) commitments increased to 250.0 million.
- Original RCF commitments were 220.0 million.
- No commitments are currently outstanding under the RCF.
- Borrower is Sportradar Capital S. r.l., guaranteed by other subsidiaries.
- Interest rate is EURIBOR/SOFR/SONIA plus a margin, currently 1.50% per annum.
- Commitment fee for unutilized RCF is 0.35% of available commitments.
- Contains customary covenants and a springing financial covenant (senior secured net leverage ratio not to exceed 6.50:1).