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BORROWINGS
 9 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
BORROWINGS
NOTE 6. BORROWINGS
The Company’s total borrowings consist of the following:
Interest rate at March 31, 2025Maturity at March 31, 2025As of
March 31, 2025		As of
June 30, 2024
(in millions)
News Corporation
2022 Term loan A(a)
5.804 %Mar 31, 2027$478 $484 
2022 Senior notes5.125 %Feb 15, 2032494 493 
2021 Senior notes3.875 %May 15, 2029993 991 
REA Group(b)
2024 REA credit facility — tranche 1(c)
5.63 %Sep 15, 2028— — 
2024 REA credit facility — tranche 2(d)
N/AN/A— 79 
2024 Subsidiary facility(e)
N/AN/A— 55 
Total borrowings1,965 2,102 
Less: current portion(f)
(22)(9)
Long-term borrowings
$1,943 $2,093 
(a)The Company entered into an interest rate swap derivative to fix the floating rate interest component of its Term A Loans at 2.083%. For the three months ended March 31, 2025, the Company was paying interest at an effective interest rate of 3.521%. See Note 8—Financial Instruments and Fair Value Measurements.
(b)These borrowings were incurred by REA Group and certain of its subsidiaries (REA Group and certain of its subsidiaries, the “REA Debt Group”), consolidated but non wholly-owned subsidiaries of News Corp, and are only guaranteed by the REA Debt Group and are non-recourse to News Corp.
(c)As of March 31, 2025, REA Group had total undrawn commitments of A$400 million available under this facility.
(d)This facility was terminated by REA Group during the nine months ended March 31, 2025, with the amount outstanding repaid using proceeds from the sale of REA Group’s interest in PropertyGuru. See Note 5—Investments.
(e)This facility was terminated by REA Group during the nine months ended March 31, 2025, with the amount outstanding repaid using capacity available under the 2024 REA Credit Facility.
(f)The current portion of long term debt as of March 31, 2025 and June 30, 2024 relates to required principal repayments on the 2022 Term Loan A.
Covenants
The Company’s borrowings and those of its consolidated subsidiaries contain customary representations, covenants and events of default, including those discussed in the Company’s 2024 Form 10-K. If any of the events of default occur and are not cured
within applicable grace periods or waived, any unpaid amounts under the applicable debt agreements may be declared immediately due and payable. The Company was in compliance with all such covenants at March 31, 2025.