{"schema_version":"secwatch.filing_event.v1","accession":"0001327567-23-000009","form_type":"8-K","ticker":"PANW","cik":"0001327567","company_name":"Palo Alto Networks Inc","filed_at":"2023-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.422677+00:00","generated_at":"2026-06-16T23:28:38.923250+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Palo Alto Networks enters $400M revolving credit facility, expandable to $750M","bullets":["Unsecured $400M revolver, accordion up to $750M, matures April 13, 2028.","Commitment fee 0.090%-0.150%; interest SOFR+1.00%-1.375% or Base Rate+0.00%-0.375%.","Covenants: leverage ≤3.50x (4.00x post M&A) and interest coverage ≥3.00x.","Sustainability-linked pricing adjustments up to 0.01% fee / 0.05% margin based on GHG targets.","No initial borrowings; proceeds for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001327567-23-000009","json":"https://secwatch.observer/filing/0001327567-23-000009.json","markdown":"https://secwatch.observer/filing/0001327567-23-000009.md","text":"https://secwatch.observer/filing/0001327567-23-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327567/000132756723000009/0001327567-23-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327567/000132756723000009/panw-20230413.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T23:28:38.923250+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0278403b00023512052838431c12e27d95516701","claim":"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.","evidence_excerpt":"The Credit Agreement provides for an unsecured revolving loan facility in an initial aggregate principal amount of $400.0 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327567/000132756723000009/0001327567-23-000009-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$400.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, N.A., as administrative agent"},{"label":"Rate","value":"Adjusted Term SOFR plus the Applicable Rate"},{"label":"Maturity","value":"April 13, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8897282a39076a07514138dbfcc8036d9bf0ea33","claim":"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).","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327567/000132756723000009/0001327567-23-000009-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, N.A."},{"label":"Value","value":"$400 million revolving credit facility, up to $750 million with additional commitments"},{"label":"Effective","value":"2023-04-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}