secwatch.observer — SEC 8-K summary
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Issuer:     NETSCOUT SYSTEMS INC (NTCT)
CIK:        0001078075
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001193125-24-233088
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NetScout closes $600M senior secured revolver due Oct 2029
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078075/000119312524233088/0001193125-24-233088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078075/000119312524233088/d896927d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-233088

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