NetApp enters $1.0B unsecured revolving credit facility maturing 2030

NetApp, Inc.

Revolver size of $1.0B with $50M letter of credit sublimit; maturity March 5, 2030, with two 1-year extension options.
Expansion option allows increase up to an additional $500M, for total potential commitments of $1.5B.
Interest at base rate or adjusted term SOFR plus spread based on credit ratings (0–0.325% base, 0.805–1.325% SOFR).
Covenant includes maximum leverage ratio tested quarterly; proceeds for general corporate purposes and commercial paper support.
No borrowings or letters of credit outstanding at closing on March 5, 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.