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8-K filed February 24, 2023, 6:59 PM ET ticker NTCT CIK 0001078075
debt confidence high sentiment neutral materiality 0.35

NetScout amends credit agreement to replace LIBOR with term SOFR plus 0.10% spread adjustment

NETSCOUT SYSTEMS INC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NETSCOUT SYSTEMS INC amended First Amendment to Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at Amendment to replace LIBOR with Term SOFR plus credit spread adjustment of 0.10% (effective 2023-02-22).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Value
Amendment to replace LIBOR with Term SOFR plus credit spread adjustment of 0.10%
Effective
2023-02-22
Exact text from the filing
On February 22, 2023, NetScout Systems, Inc. (the “ Company ” or “ NetScout ”) entered into a First Amendment Agreement (the “ First Amendment ”) of its Second Amended and Restated Credit Agreement, dated as of July 27, 2021 (the “ Existing Credit Agreement ”; as amended by the First Amendment, the “ Amended Credit Agreement ”), by and among: the Company, as borrower; certain subsidiaries of the Company, as loan parties; the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.
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Source: SEC EDGAR
accession 0001193125-23-047578
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