Form 8-K · Current Report · Filed 2024-05-21
Cloudflare, Inc. Announces New Credit Agreement
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.
- Filer
- Cloudflare Inc. NET · NYSE
- Filed
- Accession
- 0001477333-24-000053
- CIK
- 0001477333
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$75.62
Next session
-0.8%
Since filing
+268.9%
Latest close
$278.98
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from NET reporting the same item, with the next session's move:
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.
Never miss another NET filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.