---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-047578"
form_type: "8-K"
ticker: "NTCT"
cik: "0001078075"
company_name: "NETSCOUT SYSTEMS INC"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:26:23.201565+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- NetScout amended its credit agreement to replace LIBOR with term SOFR plus 0.10% credit spread adjustment for USD loans.
- Interest margins remain tied to leverage ratio: 0.00%-1.00% for ABR loans and 1.00%-2.00% for SOFR loans.
- Amendment approved by all lenders; no change in total commitment or maturity.
- Existing LIBOR loans continue until their interest period ends; new loans use SOFR.

## SEC filing metadata
- accession: 0001193125-23-047578
- form_type: 8-K
- ticker: NTCT
- cik: 0001078075
- company_name: NETSCOUT SYSTEMS INC
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1078075/000119312523047578/0001193125-23-047578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078075/000119312523047578/d455774d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-047578
- JSON: https://secwatch.observer/filing/0001193125-23-047578.json
- Plain text: https://secwatch.observer/filing/0001193125-23-047578.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078075/000119312523047578/0001193125-23-047578-index.htm

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