secwatch.observer — SEC 8-K summary
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Issuer:     BOX INC (BOX)
CIK:        0001372612
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001193125-23-181340
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Box refinances credit facility with $150M revolver maturing 2028
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- Senior secured revolving facility of $150M with a $45M sublimit for letters of credit.
- Maturity is the earliest of June 30, 2028, Oct 16, 2025 (subject to conditions), or Feb 11, 2028 (if preferred stock outstanding).
- At closing, $30M in revolving loans and $18.6M in letters of credit were outstanding.
- Interest: prime rate plus 0.35%–0.85% or SOFR plus 1.35%–1.85%; commitment fee 0.15%–0.25% on unused portion.
- Financial covenants: max senior secured leverage 3.00x, max total leverage 6.00x, min interest coverage 3.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372612/000119312523181340/0001193125-23-181340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372612/000119312523181340/d524744d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-181340

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