Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Palo Alto Networks Inc incurred revolving credit of $400.0 million with Wells Fargo Bank, N.A., as administrative agent at Adjusted Term SOFR plus the Applicable Rate maturing April 13, 2028.
- Instrument
- revolving credit
- Principal
- $400.0 million
- Counterparty
- Wells Fargo Bank, N.A., as administrative agent
- Rate
- Adjusted Term SOFR plus the Applicable Rate
- Maturity
- April 13, 2028
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides for an unsecured revolving loan facility in an initial aggregate principal amount of $400.0 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Palo Alto Networks Inc entered into Credit Agreement with Wells Fargo Bank, N.A. valued at $400 million revolving credit facility, up to $750 million with additional commitments (effective 2023-04-13).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, N.A.
- Value
- $400 million revolving credit facility, up to $750 million with additional commitments
- Effective
- 2023-04-13
Exact text from the filing
On April 13, 2023, Palo Alto Networks, Inc. (the "Company") entered into a Credit Agreement (the "Credit Agreement"), by and among the Company, the lenders from time to time party thereto and Wells Fargo Bank, N.A., as administrative agent (the "Administrative Agent").
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