NetScout closes $600M senior secured revolver due Oct 2029

NETSCOUT SYSTEMS INC

Five-year $600M revolving credit facility replaces prior agreement; matures Oct 4, 2029.
Interest at SOFR + 1.00%-2.00% or Base Rate + 0.00%-1.00%, dependent on leverage ratio.
Facility secured by substantially all assets and guaranteed by material domestic subsidiaries.
Proceeds for working capital, refinancing existing revolver, and stock repurchases.
Financial covenant: consolidated net leverage ratio ≤ 4.00x; can be increased for large acquisitions.

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