secwatch.observer — SEC 8-K summary
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Issuer:     BOX INC (BOX)
CIK:        0001372612
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001193125-21-225793
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Box amends credit facility: revolver cut to $65M, maturity extended to 2024
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- Revolving commitments reduced from $100M to $65M; maturity extended from July 2022 to July 2024.
- New financial covenants: max senior secured leverage 3.00x, max total leverage 6.00x, min interest coverage 3.00x.
- Pricing grid based on senior secured leverage ratio: Prime rate + 0.15%-0.65%, LIBOR + 1.15%-1.65%.
- Increased flexibility for acquisitions, liens, dividends, share repurchases, investments, and asset dispositions.
- As of July 26, 2021, $30M revolver outstanding and $19M in letters of credit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372612/000119312521225793/0001193125-21-225793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372612/000119312521225793/d182323d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-225793

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