{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-231565","form_type":"8-K","ticker":"RPD","cik":"0001560327","company_name":"Rapid7, Inc.","filed_at":"2023-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.302834+00:00","generated_at":"2026-06-10T22:09:08.486745+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Rapid7 issues $260M 1.25% convertible notes due 2029; repurchases $184M of existing 2.25% notes","bullets":["Issued $260M principal of 1.25% Convertible Senior Notes due March 15, 2029; initial conversion price ~$64.85 (32.5% premium).","Net proceeds ~$253M; will use ~$201.5M to repurchase $184M of 2.25% Convertible Senior Notes due 2025 in privately negotiated transactions.","Paid ~$31.7M for capped call transactions to offset potential dilution upon conversion of the new notes.","Granted initial purchasers option to buy up to an additional $40M principal amount of notes.","Offering upsized from $250M initially announced; notes are unsecured and rank equal with existing 2025 and 2027 convertible notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-231565","json":"https://secwatch.observer/filing/0001193125-23-231565.json","markdown":"https://secwatch.observer/filing/0001193125-23-231565.md","text":"https://secwatch.observer/filing/0001193125-23-231565.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560327/000119312523231565/0001193125-23-231565-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560327/000119312523231565/d539131d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:09:08.486745+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26300432cec26ed787653c3d3e63c59aa42b235c","claim":"Rapid7, Inc. incurred convertible notes of $260.0 million with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC at 1.25% per annum maturing March 15, 2029.","evidence_excerpt":"Rapid7 issued an aggregate of $260.0 million principal amount of Notes, pursuant to an Indenture dated September 8, 2023 (the “Indenture”), between Rapid7 and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560327/000119312523231565/0001193125-23-231565-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$260.0 million"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC"},{"label":"Rate","value":"1.25% per annum"},{"label":"Maturity","value":"March 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"060c6cc4a094767f45ee05d01177614fbaccab97","claim":"Rapid7, Inc. entered into Purchase Agreement for 1.25% Convertible Senior Notes due 2029 with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC valued at $260.0 million principal amount, plus $40.0 million option (effective 2023-09-05).","evidence_excerpt":"On September 5, 2023, Rapid7, Inc. (“Rapid7”) entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC (the “Initial Purchasers”), relating to the sale (the “Note Offering”) by Rapid7 of an aggregate of $260.0 million principal amount of its 1.25% Convertible Senior Notes due 2029 (the “Notes”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560327/000119312523231565/0001193125-23-231565-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC"},{"label":"Value","value":"$260.0 million principal amount, plus $40.0 million option"},{"label":"Effective","value":"2023-09-05"}],"fact_type":"material_agreement"},{"claim_id":"4b909ca03575f266c5c99357120d31ee8c9218de","claim":"Rapid7, Inc. entered into Indenture for 1.25% Convertible Senior Notes due 2029 with U.S. Bank Trust Company, National Association valued at $260.0 million principal amount, 1.25% per annum, due 2029 (effective 2023-09-08).","evidence_excerpt":"On September 8, 2023, Rapid7 issued an aggregate of $260.0 million principal amount of Notes, pursuant to an Indenture dated September 8, 2023 (the “Indenture”), between Rapid7 and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560327/000119312523231565/0001193125-23-231565-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$260.0 million principal amount, 1.25% per annum, due 2029"},{"label":"Effective","value":"2023-09-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}