FOX · 10-K · 2026A · Full report
Liquidity and Debt Position
Fox Corp (FOX, FOXA) · 2026-08-06 · Importance 64 · Surprise 42 · In source text
FOX held approximately $4.2 billion of cash and cash equivalents at June 30, 2026. The company also had an unused $1.0 billion five-year unsecured revolving credit facility maturing in June 2028. FOX could draw on the $1.0 billion Term Loan Facility and $11.0 billion currently available Bridge Facility commitments to finance the Roku transaction. Moody’s rated FOX senior debt Baa2 with a stable outlook, while S&P rated it BBB with a stable outlook.
Key facts
- In connection with the Merger Agreement, in June 2026 FOX entered into a commitment letter where lenders provided $12.0 billion of commitments, $11.0 billion of which was available as of June 30, 2026, to provide senior unsecured bridge loans (the Bridge Facility), and lenders committed to provide a $1.0 billion senior unsecured Term Loan Facility. source
- The Company expects to fund the cash portion of the Merger consideration with a combination of debt and cash on hand. source
- In June 2026, the Company entered into a commitment letter for the Bridge Facility which may be drawn to finance the cash portion of the Merger consideration. source
- As of June 30, 2026, the Company has approximately $4.2 billion of cash and cash equivalents and an unused five-year $1.0 billion unsecured revolving credit facility. source
- The Term Loan Facility entered in June 2026 has a maturity date of two years after the closing of the Roku Transaction and the Term Loan Facility is funded. source
- The Company entered into an unsecured $1.0 billion revolving credit facility in June 2023 with a maturity date of June 2028. source
- The Company can draw on the Term Loan Facility and commitments under the Bridge Facility to finance the cash portion of the Merger consideration. source
- During fiscal 2025, cash used in the repayment of borrowings was $600 million for the 3.050% senior notes which matured and were repaid in full in April 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | The Company expects to fund the cash portion of the Merger consideration with a combination of debt and cash on hand. |
| liability | negative | probable | — | The Company expects to fund the cash portion of the Merger consideration with a combination of debt and cash on hand. |
| liability | negative | realized | — | The Term Loan Facility entered in June 2026 has a maturity date of two years after the closing of the Roku Transaction and the Term Loan… |
| cash | positive | realized | — | The Term Loan Facility entered in June 2026 has a maturity date of two years after the closing of the Roku Transaction and the Term Loan… |