secwatch.observer — SEC 8-K summary
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Issuer:     JUNIPER NETWORKS INC (—)
CIK:        0001043604
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001043604-23-000115
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043604/000104360423000115/0001043604-23-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043604/000104360423000115/jnpr-20230615.htm
  HTML page:      https://secwatch.observer/filing/0001043604-23-000115

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