---
schema_version: "secwatch.filing_event.v1"
accession: "0001560327-21-000196"
form_type: "8-K"
ticker: "RPD"
cik: "0001560327"
company_name: "Rapid7, Inc."
filed_at: "2021-12-22T23:59:59+00:00"
generated_at: "2026-06-27T22:54:43.593545+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001560327-21-000196
- form_type: 8-K
- ticker: RPD
- cik: 0001560327
- company_name: Rapid7, Inc.
- filed_at: 2021-12-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560327/000156032721000196/0001560327-21-000196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560327/000156032721000196/rp-20211222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560327-21-000196
- JSON: https://secwatch.observer/filing/0001560327-21-000196.json
- Plain text: https://secwatch.observer/filing/0001560327-21-000196.txt

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