---
schema_version: "secwatch.filing_event.v1"
accession: "0001467623-24-000057"
form_type: "8-K"
ticker: "DBX"
cik: "0001467623"
company_name: "DROPBOX, INC."
filed_at: "2024-12-11T23:59:59+00:00"
generated_at: "2026-05-29T04:41:52.981689+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dropbox secures $2B term loan, announces $1.2B buyback; reaffirms FY2024 guidance

## Summary
- Entered into Credit Agreement providing up to $2.0B secured term loan due 2029; initial $1.0B borrowed.
- New $1.2B share repurchase program authorized for Class A common stock; prior revolver terminated.
- Expects Q4 and full-year 2024 financial results at or above prior guidance for revenue, non-GAAP operating margin, and free cash flow.
- Facility led by Blackstone Credit & Insurance; delayed draw of up to $1.0B available through Dec 2026.

## SEC filing metadata
- accession: 0001467623-24-000057
- form_type: 8-K
- ticker: DBX
- cik: 0001467623
- company_name: DROPBOX, INC.
- filed_at: 2024-12-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467623/000146762324000057/0001467623-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467623/000146762324000057/dbx-20241211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467623-24-000057
- JSON: https://secwatch.observer/filing/0001467623-24-000057.json
- Plain text: https://secwatch.observer/filing/0001467623-24-000057.txt

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