Financing ·
Fox Corporation entered into a $1.0 billion senior unsecured term loan credit agreement on June 30, 2026, to fund its…
FOXFox Corp
Fox Corporation entered into a $1.0 billion senior unsecured term loan credit agreement on June 30, 2026, to fund its acquisition of Roku, Inc. The facility, administered by Morgan Stanley with a syndicate including Citigroup, Deutsche Bank, Goldman Sachs, and JPMorgan Chase, matures two years after the acquisition's consummation. The agreement allows for up to $1.0 billion in additional term loans and requires the company to maintain an operating income leverage ratio of 4.5 to 1.0. Interest rates are tied to the Base Rate or Term SOFR plus an applicable margin. Fox Corporation is a media company providing news, sports, and entertainment content.