secwatch.observer — SEC 8-K summary
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Issuer:     NETSCOUT SYSTEMS INC (NTCT)
CIK:        0001078075
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0001193125-21-228161
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NetScout enters $800M senior secured revolving credit facility, maturing 2026
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- New $800M revolving credit facility replaces prior agreement; matures July 27, 2026.
- Borrowings allowed for working capital, general corporate purposes, and stock repurchases.
- Interest at Base Rate or LIBOR plus margin; initial margin 1.25% (LIBOR) and 0.25% (Base Rate).
- Financial covenant: max consolidated net leverage ratio < 4.00x; minimum interest coverage ratio removed.
- Facility secured by substantially all assets of the company and its subsidiary guarantors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078075/000119312521228161/0001193125-21-228161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078075/000119312521228161/d208733d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-228161

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