Docusign enters $750M revolving credit facility, due 2030, with accordion feature

DOCUSIGN, INC.

Credit facility of $750M, up to $1B with accordion, matures May 21, 2030.
Interest rates: base rate +0.25-0.75% or Term SOFR +1.25-1.75% (non-investment grade); lower if investment grade.
No initial borrowings drawn; facility provides liquidity for general corporate purposes.
Financial covenants: max leverage 3.75x, min interest coverage 3.00x (non-investment grade).
Commitments from Bank of America, PNC, Citizens, JPMorgan, Morgan Stanley, SVB, U.S. Bank.

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