secwatch.observer — SEC 8-K summary
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Issuer:     Nutanix, Inc. (NTNX)
CIK:        0001618732
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0000950170-25-018971
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618732/000095017025018971/0000950170-25-018971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618732/000095017025018971/ntnx-20250212.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-018971

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