secwatch.observer — SEC 8-K summary
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Issuer:     DOCUSIGN, INC. (DOCU)
CIK:        0001261333
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001104659-25-052438
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261333/000110465925052438/0001104659-25-052438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261333/000110465925052438/tm2515942d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-052438

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