Extreme Networks enters $500 million five-year revolving credit facility led by JPMorgan Chase

Reuters2026/07/30 11:36

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Extreme Networks entered a new credit agreement on July 29, 2026 for a 5-year USD 500 million revolving loan facility led by JPMorgan Chase.
The facility replaced the company’s prior credit agreement; borrowings were used to repay the existing debt, fees, and expenses.
USD 200 million was drawn at closing, leaving USD 300 million of remaining revolving commitments available.
Pricing is tied to either adjusted term SOFR or an alternate base rate, with margins ranging from 1.25% to 2% or 0.25% to 1%.
The facility matures July 29, 2031; it is secured by substantially all assets and includes leverage and interest-coverage covenants.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Extreme Networks Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-324888), on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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