{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-007817","form_type":"8-K","ticker":"RPD","cik":"0001560327","company_name":"Rapid7, Inc.","filed_at":"2025-06-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.763395+00:00","generated_at":"2026-05-18T19:20:32.260088+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Rapid7 enters $200M senior secured revolving credit facility with JPMorgan Chase","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-007817","json":"https://secwatch.observer/filing/0000950103-25-007817.json","markdown":"https://secwatch.observer/filing/0000950103-25-007817.md","text":"https://secwatch.observer/filing/0000950103-25-007817.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560327/000095010325007817/0000950103-25-007817-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560327/000095010325007817/dp230564_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T19:20:32.260088+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3983aac8389334f4c1b244a9454f4b8122dde656","claim":"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.","evidence_excerpt":"The Credit Agreement establishes a senior secured revolving credit facility and provides for borrowings in an aggregate principal amount of up to $200 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560327/000095010325007817/0000950103-25-007817-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $200 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"SOFR or alternate base rate plus a fixed margin"},{"label":"Maturity","value":"fifth anniversary of the Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}