secwatch.observer — SEC 8-K summary
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Issuer:     COMMVAULT SYSTEMS INC (CVLT)
CIK:        0001169561
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001169561-24-000128
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commvault sells corporate HQ for $36M to Somerset Development, leaseback planned
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- Purchase price $36M; buyer Somerset Development LLC; closing expected in H2 FY2025.
- Initial deposit of $1.5M, with $25K non-refundable; balance held in escrow.
- Seller retains ownership of data center equipment and generators; leaseback lease agreed.
- Buyer accepts property 'as-is'; Seller makes limited representations and warranties.
- Transaction subject to customary closing conditions; no financing contingency for buyer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169561/000116956124000128/0001169561-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169561/000116956124000128/cvlt-20241002.htm
  HTML page:      https://secwatch.observer/filing/0001169561-24-000128

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