Liberty Capital’s GCI secures $270 million term loan
GCI secured a $270 million term loan due October 28, 2031, and increased its revolving credit facility by $30 million to $480 million. Proceeds from both facilities funded the redemption of approximately $451 million of 4.75% Senior Notes due 2028.
1. Debt refinancing
GCI secured a $270 million incremental senior secured term A facility on October 28, 2026, with an initial SOFR margin of 2.5% and maturity on October 28, 2031. It had increased its revolving credit facility by $30 million to $480 million on October 16. Proceeds from both facilities funded the redemption of approximately $451 million of 4.75% Senior Notes due 2028. The redemption extended revolving credit facility maturities to March 25, 2030, and existing Term A Loan maturities to March 25, 2031.
