GLOBALFOUNDRIES terminates $1 billion revolving credit facility with Citibank Europe plc UK Branch
GFS•Credit facility replaced with new agreement
GLOBALFOUNDRIES entered into a new Credit Agreement with lenders, replacing its prior revolving and letter of credit facilities.
Terms include a maximum consolidated leverage ratio covenant of 4.00x, stepping up to 4.50x under certain circumstances.
Prior revolving and letter of credit facilities terminated
The company terminated the 2019 Revolving and L/C Facilities Agreement on Aug. 21, 2026, which had $1 billion revolver commitments.
The prior agreement also included a $20 million letter of credit facility, maturing Oct. 13, 2026.
No amounts were outstanding under the terminated facilities at the time of termination.
