Rapid7 amends credit facility, upsizing from $50M to $100M, extends maturity to Dec 2024

Rapid7, Inc.

Revolving facility increased to $100M from $50M, with accordion feature up to $150M.
Maturity extended to December 22, 2024; no immediate draw planned.
Interest at term SOFR + 2.50% per annum or alternate base rate, plus 0.20% commitment fee on unused portion.
Covenants require minimum recurring revenue and $50M liquidity; restricts dividends and investments.
Credit agreement includes customary events of default and cross-default to convertible debt securities.

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