Cloudflare Inc.
Cloudflare, Inc. Announces New Credit Agreement
Summary
On May 17, 2024, Cloudflare, Inc. entered into a Credit Agreement providing for a senior secured $400.0 million revolving loan facility. The facility can be increased up to $550.0 million and is due on May 17, 2029. It may automatically mature earlier under certain conditions related to the company's convertible notes. The agreement is guaranteed by certain subsidiaries and secured by the company's assets. It includes customary fees, interest rates, and covenants.
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About Cloudflare Inc.
Cloudflare Inc. is a technology company specializing in web infrastructure and website security services. Its primary purpose is to enhance the performance and security of internet-connected assets, operating across a variety of sectors such as e-commerce, finance, healthcare, and more. Cloudflare offers a comprehensive suite of services, including content delivery network (CDN) capabilities, Distributed Denial of Service (DDoS) protection, internet security, and domain name server (DNS) solutions. By optimizing the speed and safety of websites and applications, Cloudflare plays a crucial role in ensuring seamless and secure digital experiences for users. Positioned at the forefront of internet security and network optimization, Cloudflare is essential in supporting the robust operations of millions of websites and applications worldwide, making it a pivotal entity in the digital economy. Its services cater not only to large-scale enterprises but also to smaller businesses and individual users, contributing significantly to global internet stability and efficiency.
Official SEC Documents
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