SRAD · Sportradar Group AG

Sportradar Group AG expanded its liquidity through an amendment to its revolving credit facility, boosting total commitments by €30.0 million to €250.0 million without any current utilization. The facility, with Sportradar Capital S.à r.l. as borrower and guarantees from certain subsidiaries secured by specific assets, provides flexible access to funding at competitive rates tied to the company's leverage performance. The margin ratchet incentivizes deleveraging, starting at 2.25% for ratios above 3.00:1 and dropping to 1.50% at or below 1.00:1, with the current rate at the lowest tier reflecting strong financial health. A modest 0.35% commitment fee applies to unused portions. Standard covenants limit financial flexibility but include suspension options, while the springing 6.50:1 leverage test activates only under lender benefit, balancing lender protection with borrower operations. This enhancement supports potential growth initiatives without immediate debt incurrence.