secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2026-08-17T20:06:31+00:00
Accession:  0001517413-26-000238
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Fastly expands credit facility to $100M, extends maturity to 2029, cuts rates
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741326000238/0001517413-26-000238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741326000238/fsly-20260817.htm
  HTML page:      https://secwatch.observer/filing/0001517413-26-000238

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer