Databricks lined up a new $1.8B financing package, boosting its delayed-draw term loan to $1.15B (from $500M) and its revolver to $3.65B (from $2.5B). The loan is priced at about SOFR + 4.5%.
After the deal, Databricks’ total debt is ~ $7.05B.
Fed cuts rates to 3.5-3.75% with a 9-3 vote and keeps a shallow path ahead.
New projections have 2026 GDP at 2.3% vs 1.8% in Sept, PCE inflation at 2.4% vs 2.6%, unemployment at 4.4%, and the funds rate drifting from 3.6% in 2025 to 3.1% in 2027-28.
Source Fed SEP