secwatch.observer — SEC 8-K summary
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Issuer:     NETSCOUT SYSTEMS INC (NTCT)
CIK:        0001078075
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001193125-23-047578
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078075/000119312523047578/0001193125-23-047578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078075/000119312523047578/d455774d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-047578

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