secwatch / observer
8-K filed March 17, 2025, 7:59 PM ET ticker NTAP CIK 0001002047
debt confidence high sentiment neutral materiality 0.55

NetApp, Inc. (NTAP): debt financing — NetApp issues $1.25B in senior notes to refinance 2025 notes and for general purposes

NetApp, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

NetApp, Inc. incurred senior notes of $625,000,000 million aggregate principal amount of 5.500% Senior Notes due 2032 and $625,000,000 million aggregate princ with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC at 5.500% on the 2032 Notes and 5.700% on the 2035 Notes maturing 2032 Notes mature on March 17, 2032; 2035 Notes mature on March 17, 2035.

Instrument
senior notes
Principal
$625,000,000 million aggregate principal amount of 5.500% Senior Notes due 2032 and $625,000,000 million aggregate princ
Counterparty
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC
Rate
5.500% on the 2032 Notes and 5.700% on the 2035 Notes
Maturity
2032 Notes mature on March 17, 2032; 2035 Notes mature on March 17, 2035
Event
incurrence
Exact text from the filing
On March 12, 2025, NetApp, Inc. (“NetApp” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, to issue and sell $625,000,000 million aggregate principal amount of 5.500% Senior Notes due 2032 (the “2032 Notes”) and $625,000,000 million aggregate principal amount of 5.700% Senior Notes due 2035 (the “2035 Notes” and together with the 2032 Notes, the “Notes”) in a public offering (the “Offering”).
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NetApp, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-25-055656
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