---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-047187"
form_type: "8-K"
ticker: "NTAP"
cik: "0001002047"
company_name: "NetApp, Inc."
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T08:48:44.410493+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NetApp enters $1.0B unsecured revolving credit facility maturing 2030

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-047187
- form_type: 8-K
- ticker: NTAP
- cik: 0001002047
- company_name: NetApp, Inc.
- filed_at: 2025-03-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002047/000119312525047187/0001193125-25-047187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002047/000119312525047187/d830679d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-047187
- JSON: https://secwatch.observer/filing/0001193125-25-047187.json
- Plain text: https://secwatch.observer/filing/0001193125-25-047187.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.