debt
confidence high
sentiment neutral
materiality 0.55
Fastly expands credit facility to $100M, extends maturity to 2029, cuts rates
Fastly, Inc.
- Revolving credit facility increased from $60.0M to $100.0M via Fourth Amendment.
- Maturity extended to Aug 17, 2029; optional 1-year extension if net liquidity >= $200M.
- Interest rate cut 0.25% to SOFR+1.75% or base rate+0.75%.
- Commitment fee now 0.25% (or 0.20% if avg daily balance > $50M) on unused portion.
- Springing maturity tied to 2028 convertible notes if net liquidity falls below $200M/$120M thresholds.