Nutanix enters $500M senior secured revolving credit facility maturing 2030

Nutanix, Inc.

Credit agreement dated Feb 12, 2025 provides $500M aggregate principal, including $25M letter-of-credit sublimit.
Maturity date is Feb 12, 2030, subject to a springing maturity if certain leverage and liquidity conditions are met.
Borrowings bear interest at base rate, term SOFR, or alternative currency term rate, plus margin tied to Total Leverage Ratio.
Financial covenant requires Total Leverage Ratio ≤ 3.75:1.00, tested quarterly; step-up allowed after material acquisitions.
No revolving loans outstanding as of Feb 12, 2025; ~$2.9M letters of credit outstanding under facility.

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