News Releases

Baker Botts Represents GCI Liberty in Connection with its $950 Million Credit Facility

Release

Deal Description: On October 15, 2020, GCI, LLC (the “Borrower”), a wholly owned subsidiary of GCI Liberty, Inc., entered into an Amendment Agreement that amended and restated the Sixth Amended and Restated Credit Agreement of the Borrower dated as of December 27, 2018, to, among other things, (i) extend the maturity date of the borrowings and commitments under the revolving credit facility and the Term Loan B and (ii) increase the aggregate principal amount of the Term Loan B (the “Amended Credit Facilities”).  The Amended Credit Facilities include a $550 million revolving credit facility and a $400 million Term Loan B. The borrowings under the revolving credit facility and the Term Loan B are scheduled to mature on October 15, 2025; provided that, if the Term Loan B is not refinanced or repaid in full prior to April 15, 2025, then the borrowings under the revolving credit facility will mature on April 15, 2025. 

Baker Botts L.L.P. represented GCI in the transaction.

Value: $950 million

The Baker Botts Team:

Finance: Robert Wann (Partner, New York); Clint Culpepper (Senior Associate, Austin); Taylor Courtade (Associate, Dallas); Keegan Bobholz (Associate, Houston)

Tax: Tamar Stanley (Partner, Washington); Josh Mandell (Partner, Dallas); Scott Langley (Special Counsel, New York).

Employee Benefits: Robin Melman (Partner, New York)

Real Estate: Patrick Matthews (Special Counsel, Dallas)

Corporate: Samantha Crispin (Partner, Dallas)

 

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Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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