---
schema_version: "secwatch.filing_event.v1"
accession: "0001169561-25-000028"
form_type: "8-K"
ticker: "CVLT"
cik: "0001169561"
company_name: "COMMVAULT SYSTEMS INC"
filed_at: "2025-04-15T23:59:59+00:00"
generated_at: "2026-05-23T14:13:55.796552+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001169561-25-000028
- form_type: 8-K
- ticker: CVLT
- cik: 0001169561
- company_name: COMMVAULT SYSTEMS INC
- filed_at: 2025-04-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169561/000116956125000028/0001169561-25-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169561/000116956125000028/cvlt-20250415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169561-25-000028
- JSON: https://secwatch.observer/filing/0001169561-25-000028.json
- Plain text: https://secwatch.observer/filing/0001169561-25-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.