Fox Corporation Completes New $1 Billion Dollar Revolving Credit Facility
06.28.23
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Simpson Thacher represented Fox Corporation (the “Company”) in connection with its new Revolving Credit Agreement, consisting of a $1.0 billion five-year unsecured revolving credit facility with a sublimit of $150.0 million available for the issuance of letters of credit. The new Revolving Credit Agreement was entered into in anticipation of the transition away from the London Interbank Offered Rate (LIBOR) and the scheduled termination of the Company’s previously existing credit agreement in March 2024.
Fox Corporation is a leader in news, sports and entertainment programming that produces and distributes content through some of the world’s leading and most valued brands including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group.
The Simpson Thacher team Includes Patrick Ryan, Matthew Farrell and Daniel Westen (Banking and Credit); and Michael Mann (Tax).