Telephone and Data Systems Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement
$TDS
Telecommunications Equipment
Telecommunications
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 19, 2025
(Exact name of registrant as specified in its charter)
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Item 1.02. Termination of a Material Definitive Agreement
On August 19, 2025, Telephone and Data Systems, Inc. (TDS) paid in full all indebtedness and other obligations outstanding under, and terminated: (a) the Amended and Restated Credit Agreement, dated as of July 30, 2021, among TDS, CoBank, ACB, as administrative agent, and the other lenders thereto (as amended from time to time); (b) the Senior Secured Credit Agreement, dated as of September 28, 2023, among TDS, Wells Fargo National Association, as administrative agent, and the other lenders thereto (as amended from time to time); and (c) the Credit Agreement, dated as of May 1, 2024, among TDS, Oaktree Fund Administration, LLC, as administrative agent, and the other lenders thereto.
TDS incurred a termination penalty of $9 million as a result of the termination of the Credit Agreement with Oaktree Fund Administration, LLC.
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.
| TELEPHONE AND DATA SYSTEMS, INC. | |||||||||||
| Date: | August 22, 2025 | By: | /s/ Vicki L. Villacrez | ||||||||
| Vicki L. Villacrez | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||