Array Digital Infrastructure Issues New Senior Notes
Ticker: UZD · Form: 8-K · Filed: Dec 12, 2025 · CIK: 821130
| Field | Detail |
|---|---|
| Company | Array Digital Infrastructure, Inc. (UZD) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $300 million, $100 million, $30 million, $10 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, notes
TL;DR
Array Digital Infrastructure just dropped $11.75M in new debt!
AI Summary
On December 8, 2025, Array Digital Infrastructure, Inc. entered into a material definitive agreement related to its senior notes. The company is issuing $6.25 million in 6.25% Senior Notes due 2069 and $5.5 million in 5.5% Senior Notes due 2070. This filing also includes financial statements and exhibits.
Why It Matters
The issuance of new senior notes indicates the company is raising capital, potentially for expansion or refinancing, which could impact its financial leverage and future growth prospects.
Risk Assessment
Risk Level: medium — Issuing new debt increases financial leverage and interest expenses, which can be a risk if the company's revenue or cash flow does not grow sufficiently.
Key Numbers
- $6.25M — Senior Notes (Principal amount of 6.25% Senior Notes due 2069)
- $5.5M — Senior Notes (Principal amount of 5.5% Senior Notes due 2070)
Key Players & Entities
- ARRAY DIGITAL INFRASTRUCTURE, INC. (company) — Registrant
- December 8, 2025 (date) — Date of earliest event reported
- 6.25% Senior Notes due 2069 (dollar_amount) — Debt issuance
- 5.5% Senior Notes due 2070 (dollar_amount) — Debt issuance
FAQ
What is the total principal amount of the new senior notes being issued?
The total principal amount is $11.75 million, comprising $6.25 million in 6.25% Senior Notes due 2069 and $5.5 million in 5.5% Senior Notes due 2070.
What is the maturity date for the 6.25% Senior Notes?
The 6.25% Senior Notes have a maturity date of 2069.
What is the maturity date for the 5.5% Senior Notes?
The 5.5% Senior Notes have a maturity date of 2070.
What is the interest rate for the 6.25% Senior Notes?
The interest rate for the 6.25% Senior Notes is 6.25% per annum.
What is the interest rate for the 5.5% Senior Notes?
The interest rate for the 5.5% Senior Notes is 5.5% per annum.
Filing Stats: 721 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2025-12-12 08:54:01
Key Financial Figures
- $1 — nge on which registered Common Shares, $1 par value AD New York Stock Exchange 6
- $300 million — ay's borrowing capacity is reduced from $300 million to $100 million (with a parallel reduct
- $100 million — apacity is reduced from $300 million to $100 million (with a parallel reduction to its lette
- $30 million — n to its letter of credit capacity from $30 million to $10 million and to its swing line ca
- $10 million — of credit capacity from $30 million to $10 million and to its swing line capacity from $25
- $25 million — ion and to its swing line capacity from $25 million to $10 million); The maturity date is
Filing Documents
- ad-20251208.htm (8-K) — 42KB
- ad2025revolveramendmentex41.htm (EX-4.1) — 1270KB
- ad-20251208_g1.jpg (GRAPHIC) — 111KB
- 0000821130-25-000074.txt ( ) — 2005KB
- ad-20251208.xsd (EX-101.SCH) — 3KB
- ad-20251208_def.xml (EX-101.DEF) — 19KB
- ad-20251208_lab.xml (EX-101.LAB) — 34KB
- ad-20251208_pre.xml (EX-101.PRE) — 19KB
- ad-20251208_htm.xml (XML) — 6KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement On December 8, 2025 (the "Effective Date"), Array Digital Infrastructure, Inc. ("Array") entered into the Fifth Amendment (the "Amendment") to First Amended and Restated Credit Agreement among Array, Toronto Dominion (Texas) LLC, as administrative agent, and the other lenders thereto (the "Credit Agreement"). The Amendment amends the Credit Agreement in pertinent part as follows: Array's borrowing capacity is reduced from $300 million to $100 million (with a parallel reduction to its letter of credit capacity from $30 million to $10 million and to its swing line capacity from $25 million to $10 million); The maturity date is extended to the fifth anniversary of the Effective Date; The credit spread adjustment previously applicable to the Term SOFR interest rate (i.e., 10 basis points for a one-month interest period, 15 basis points for a three-month interest period and 25 basis points for a six-month interest period) is removed; The maximum permitted cash netting for the calculation of the consolidated leverage ratio is an amount equal to consolidated EBITDA for the immediately preceding four fiscal quarter period (calculated as of any applicable date of determination); and The capacity for secured debt at Array, and secured and unsecured debt at Array's subsidiaries, together with additional secured debt at Telephone and Data Systems, Inc. ("TDS") as parent of Array, and secured and unsecured debt at TDS's other subsidiaries, is increased by an aggregate amount of $300 million. The foregoing description is qualified by reference to the copy of the Amendment which is incorporated by reference herein as Exhibit 4.1.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description of Exhibits 4.1 Fifth Amendment to First Amended and Restated Credit Agreement among Array, Toronto Dominion (Texas) LLC, as administrative agent, and the other lenders thereto, dated as of December 8, 2025. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARRAY DIGITAL INFRASTRUCTURE, INC. Date: December 12, 2025 By: /s/ Vicki L. Villacrez Vicki L. Villacrez Executive Vice President, Chief Financial Officer and Treasurer