---
schema_version: "secwatch.filing_event.v1"
accession: "0001043604-23-000115"
form_type: "8-K"
ticker: null
cik: "0001043604"
company_name: "JUNIPER NETWORKS INC"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-13T23:36:04.203989+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Juniper Networks enters $500M revolver, replaces prior facility, maturing 2028

## Summary
- New $500M unsecured revolving credit facility with option to increase by up to $200M.
- Maturity June 15, 2028, with two one-year extension options; no loans currently outstanding.
- Interest: SOFR plus 0.875%-1.500% or base rate plus 0.000%-0.500%, based on debt rating.
- Commitment fee 0.075%-0.225% on undrawn amounts; must maintain max leverage ratio.
- Prior $500M facility from April 2019 terminated upon entry; JPMorgan, BofA, Citi as lead arrangers.

## SEC filing metadata
- accession: 0001043604-23-000115
- form_type: 8-K
- cik: 0001043604
- company_name: JUNIPER NETWORKS INC
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043604/000104360423000115/0001043604-23-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043604/000104360423000115/jnpr-20230615.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043604-23-000115
- JSON: https://secwatch.observer/filing/0001043604-23-000115.json
- Plain text: https://secwatch.observer/filing/0001043604-23-000115.txt

## Key facts
- Debt Financings
  JUNIPER NETWORKS INC incurred credit facility of $500 million unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent at adjusted term SOFR rate plus a margin of between 0.875% and 1.500% maturing June 15, 2028.
  - Instrument: credit facility
  - Principal: $500 million unsecured revolving credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: adjusted term SOFR rate plus a margin of between 0.875% and 1.500%
  - Maturity: June 15, 2028
  - Event: incurrence
  source text: Credit Agreement”), which agreement was terminated substantially concurrently with the Company entering into the New Credit Agreement. The New Credit Agreement provides for a $500 million unsecured revolving credit facility, with an option of the Company to increase the amount of the credit facility by up to an additional $200 million of new commitments, subject
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043604/000104360423000115/0001043604-23-000115-index.htm
- Material Agreements
  JUNIPER NETWORKS INC entered into Credit Agreement (New Credit Agreement) with JPMorgan Chase Bank, N.A. (JP Morgan) valued at $500 million unsecured revolving credit facility (option to increase by up to $200 million) (effective 2023-06-15).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. (JP Morgan)
  - Value: $500 million unsecured revolving credit facility (option to increase by up to $200 million)
  - Effective: 2023-06-15
  source text: On June 15, 2023, Juniper Networks, Inc. (“we”, “our” or the “Company”) entered into a Credit Agreement (the “New Credit Agreement”) among the Company, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A. (“JP Morgan”), as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043604/000104360423000115/0001043604-23-000115-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.