secwatch.observer — SEC 8-K summary
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Issuer:     Rapid7, Inc. (RPD)
CIK:        0001560327
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0001560327-21-000196
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560327/000156032721000196/0001560327-21-000196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560327/000156032721000196/rp-20211222.htm
  HTML page:      https://secwatch.observer/filing/0001560327-21-000196

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