Sportradar Group AG: Amendment and Restatement of Revolving Credit Facility

2026-04-30SEC Filing 6-K (0001104659-26-053115)

Sportradar Group AG has amended and restated its existing €220.0 million revolving credit facility (RCF), increasing total commitments to €250.0 million. The amendment and restatement of the credit agreement became effective on April 30, 2026. Currently, there are no outstanding commitments under the RCF. The subsidiary, Sportradar Capital S.Γ  r.l., is the borrower, with obligations guaranteed by certain subsidiaries and secured by specific assets. Borrowings under the RCF will bear interest at a maximum annual rate of EURIBOR (or Term SOFR or SONIA) plus 2.25%, subject to a margin ratchet based on the senior secured net leverage ratio. The margin ranges from 1.50% to 2.25% per annum. A commitment fee of 0.35% is payable on the available, unutilized portion of the RCF. The credit agreement includes customary covenants restricting indebtedness, liens, mergers, investments, dividends, asset sales, affiliate transactions, and junior debt prepayments. A springing financial covenant requires the borrower to maintain a senior secured net leverage ratio not exceeding 6.50:1. The agreement also contains standard representations, warranties, affirmative covenants, and events of default, which may lead to acceleration of amounts due and other remedies.

Ticker mentioned:SRAD