Commvault refinances credit facility, increasing borrowing capacity to $300M

COMMVAULT SYSTEMS INC

New $300M senior secured revolving credit facility replaces existing $100M facility; five-year maturity.
Borrowings bear interest at SOFR + 1.50%-2.00% or base rate + 0.50%-1.00%, based on leverage ratio.
Unused commitment fee of 0.25%-0.35% per annum; financial maintenance covenants include leverage and interest coverage ratios.
Existing credit agreement dated December 13, 2021 terminated upon effectiveness.

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