---
schema_version: "secwatch.filing_event.v1"
accession: "0001384905-25-000045"
form_type: "8-K"
ticker: "RNG"
cik: "0001384905"
company_name: "RingCentral, Inc."
filed_at: "2025-09-12T23:59:59+00:00"
generated_at: "2026-05-17T06:43:35.721001+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RingCentral enters new $1.24B credit facility; $310M term loan drawn at closing

## Summary
- New $280M revolver, $310M term loan (fully drawn), and $650M delayed draw term loan (undrawn at close).
- Maturity September 2030; springing maturity tied to convertible notes due 2026 if liquidity or note thresholds breached.
- Proceeds from initial term loan plus cash on hand used to repay existing term loan and related costs.
- Delayed draw facility (up to $650M, four drawings) available through Sept 2026 to repurchase 0% convertible notes and for general purposes.
- Financial covenants include max total net leverage ratio and min interest coverage ratio; interest rate margins based on leverage.

## SEC filing metadata
- accession: 0001384905-25-000045
- form_type: 8-K
- ticker: RNG
- cik: 0001384905
- company_name: RingCentral, Inc.
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384905/000138490525000045/0001384905-25-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384905/000138490525000045/rng-20250911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001384905-25-000045
- JSON: https://secwatch.observer/filing/0001384905-25-000045.json
- Plain text: https://secwatch.observer/filing/0001384905-25-000045.txt

## Key facts
- Debt Financings
  RingCentral, Inc. incurred term loan of $650.0 million delayed draw term loan facility with Bank of America, N.A., as administrative agent at term SOFR rate maturing September 11, 2030.
  - Instrument: term loan
  - Principal: $650.0 million delayed draw term loan facility
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: term SOFR rate
  - Maturity: September 11, 2030
  - Event: incurrence
  source text: and a $650.0 million delayed draw term loan facility (the “Delayed Draw Term Facility”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490525000045/0001384905-25-000045-index.htm
- Debt Financings
  RingCentral, Inc. incurred revolving credit of $280.0 million with Bank of America, N.A., as administrative agent at term SOFR rate maturing September 11, 2030.
  - Instrument: revolving credit
  - Principal: $280.0 million
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: term SOFR rate
  - Maturity: September 11, 2030
  - Event: incurrence
  source text: The Restated Credit Agreement provides for a $280.0 million revolving loan facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490525000045/0001384905-25-000045-index.htm
- Debt Financings
  RingCentral, Inc. incurred term loan of $310.0 million initial term loan facility with Bank of America, N.A., as administrative agent at term SOFR rate maturing September 11, 2030.
  - Instrument: term loan
  - Principal: $310.0 million initial term loan facility
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: term SOFR rate
  - Maturity: September 11, 2030
  - Event: incurrence
  source text: (the “Company”) entered into an Amendment and Restatement Agreement (the “Restatement Agreement”), among the Company, the other loan parties party thereto, the lenders 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490525000045/0001384905-25-000045-index.htm

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