Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
RingCentral, Inc. incurred credit facility of $200.0 million revolving loan facility; $400.0 million delayed draw term loan facility with Bank of America, N.A. at Alternate base rate (greatest of prime rate, federal funds rate plus 0.50%, or o maturing February 14, 2028, subject to automatic acceleration 91 days prior to final scheduled maturity of Convertible Notes if outstanding principal exceeds Springing M.
- Instrument
- credit facility
- Principal
- $200.0 million revolving loan facility; $400.0 million delayed draw term loan facility
- Counterparty
- Bank of America, N.A.
- Rate
- Alternate base rate (greatest of prime rate, federal funds rate plus 0.50%, or o
- Maturity
- February 14, 2028, subject to automatic acceleration 91 days prior to final scheduled maturity of Convertible Notes if outstanding principal exceeds Springing M
- Event
- incurrence
Exact text from the filing
On February 14, 2023, RingCentral, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), among the Company, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent (in such capacity, the “Collateral Agent”). The Credit Agreement provides for a $200.0 million revolving loan facility (the “Revolving Facility”), with a $25.0 million sublimit for the issuance of letters of credit, and a $400.0 million delayed draw term loan facility (the “Term Facility”).
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
RingCentral, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1.99 billion, EPS ($9.23) per share.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $1.99 billion
- EPS
- ($9.23) per share
- Result
- reported results
Exact text from the filing
Total revenue was $1.99 billion for 2022, up from $1.59 billion in 2021, representing 25% growth.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
RingCentral, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $525 million, EPS ($2.97) per share.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $525 million
- EPS
- ($2.97) per share
- Result
- reported results
Exact text from the filing
Total revenue was $525 million for the fourth quarter of 2022, up from $448 million in the fourth quarter of 2021, representing 17% growth.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RingCentral, Inc. entered into Credit Agreement with Bank of America, N.A. valued at $200.0 million revolving loan facility, $400.0 million delayed draw term loan facility (effective 2023-02-14).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $200.0 million revolving loan facility, $400.0 million delayed draw term loan facility
- Effective
- 2023-02-14
Exact text from the filing
On February 14, 2023, RingCentral, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), among the Company, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent (in such capacity, the “Collateral Agent”).
View on SEC.gov