secwatch.observer — SEC 8-K summary
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Issuer:     Rapid7, Inc. (RPD)
CIK:        0001560327
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0000950103-25-007817
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rapid7 enters $200M senior secured revolving credit facility with JPMorgan Chase
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560327/000095010325007817/0000950103-25-007817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560327/000095010325007817/dp230564_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-007817

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