Comcast said it entered into a credit agreement on May 17, 2024 for an unsecured revolving credit facility of $11,800,000,000. The facility is for general corporate purposes and is scheduled to expire on May 17, 2029.

1. 01

   Comcast said it entered into a credit agreement on May 17, 2024 for an unsecured revolving credit facility of $11,800,000,000. The facility is for general corporate purposes and is scheduled to expire on May 17, 2029.

2. 02

   The company said the credit agreement, entered into on March 30, 2021, replaced its prior 5-year credit agreement of $11,000,000,000 and that it terminated the prior agreement on the same day. No borrowings were outstanding when the prior agreement was terminated.

3. 03

   The company said it may increase the commitments under the facility to up to $14,800,000,000, or extend the expiration date to a date no later than May 17, 2031, with the agreement of new or existing lenders. It said it has not borrowed any funds under the credit agreement, although existing letters of credit that have been continued under the agreement reduce availability by a corresponding amount.

4. 04

   The company said the facility is guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC, and that interest is based on the base rate, the Floating Rate or a fixed rate set by the lender. The company also disclosed a requirement that the leverage ratio not be greater than 5.75 to 1.00 as of the end of each fiscal quarter.

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Original filing

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