{"schema_version":"secwatch.filing_event.v1","accession":"0001477333-24-000053","form_type":"8-K","ticker":"NET","cik":"0001477333","company_name":"Cloudflare, Inc.","filed_at":"2024-05-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.586613+00:00","generated_at":"2026-06-01T10:42:45.359079+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Cloudflare enters $400M senior secured revolver due 2029; no initial borrowings","bullets":["$400M revolving credit facility with $30M sublimits for letters of credit and swingline loans.","Maturity May 17, 2029, with springing maturity if 2026 convertible notes remain outstanding and liquidity condition not met.","Interest at SOFR + 1.75%-2.50% or base rate + 0.75%-1.50%, depending on total net leverage ratio.","Commitment fee 0.25%-0.40% on unused portion; proceeds for working capital and general corporate purposes.","Covenants include max net leverage ratio and min interest coverage; no loans or letters of credit outstanding at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001477333-24-000053","json":"https://secwatch.observer/filing/0001477333-24-000053.json","markdown":"https://secwatch.observer/filing/0001477333-24-000053.md","text":"https://secwatch.observer/filing/0001477333-24-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477333/000147733324000053/0001477333-24-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477333/000147733324000053/cloud-20240517.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T10:42:45.359079+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}