Rapid7, Inc. (RPD): debt financing — Rapid7 enters $200M senior secured revolving credit facility with JPMorgan Chase

Rapid7, Inc.

Credit agreement dated June 25, 2025 provides up to $200 million revolving credit facility.
Borrowers are Rapid7 and Rapid7 LLC; JPMorgan Chase is administrative agent.
Facility matures in five years, with potential acceleration if liquidity below $250M near 2027/2029 convertible note maturities.
Proceeds for working capital, capex, acquisitions; variable interest based on SOFR plus margin.
Covenants include net leverage ratio and interest coverage; secured by substantially all assets of guarantors.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Rapid7, Inc. incurred revolving credit of up to $200 million with JPMorgan Chase Bank, N.A. at SOFR or alternate base rate plus a fixed margin maturing fifth anniversary of the Closing Date.

Instrument: revolving credit
Principal: up to $200 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: SOFR or alternate base rate plus a fixed margin
Maturity: fifth anniversary of the Closing Date
Event: incurrence

Exact text from the filing

The Credit Agreement establishes a senior secured revolving credit facility and provides for borrowings in an aggregate principal amount of up to $200 million

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Rapid7, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-25-007817

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