EXTREME NETWORKS INC

$500m committed across 1 active facility, next covenant test Sep 30, 2026. EXTR

Computer Communications Equipment

Recent changes

  1. Jul 30, 2026EXTREME NETWORKS INC signs $500m CREDIT AGREEMENT, matures Jul 2031SEC ↗
Tested quarterlyHeadroom not yet measured3.75x
The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of any Reference Period (commencing with the Reference Period ending September 30, 2026) to be greater than 3.75 to 1.00.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured3.00x
The Borrower will not permit the Consolidated Interest Charge Coverage Ratio as of the last day of any Reference Period (commencing with the Reference Period ending September 30, 2026) to be less than 3.00 to 1.00.
Read the filing on sec.gov ↗

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CREDIT AGREEMENT

Signed Jul 29, 2026

Committed
$500m
Matures
Jul 2031
Agent
JPMorgan Chase Bank, N.A.
TrancheSizeMaturesMargin
Revolving credit facility$500mJul 2031125–200 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level 1Less than 1.00 to 1.00125 bps20 bps
Level 2Less than 2.00 to 1.00 but equal to or greater than 1.00 to 1.00150 bps23 bps
Level 3Less than 3.00 to 1.00 but equal to or greater than 2.00 to 1.00175 bps25 bps
Level 4Equal to or greater than 3.00 to 1.00200 bps25 bps

§1.01

Lenders: JPMorgan Chase Bank, N.A., BMO Bank N.A., Wells Fargo Securities, LLC., PNC Capital Markets LLC, Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, TD Securities (USA) LLC

No amendments on file yet.

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