Form 8-K · Current Report · Filed 2024-09-17
Roku Enters Into New $300 Million Credit Agreement
On September 16, 2024, Roku, Inc. entered into a new credit agreement providing for a five-year revolving credit facility of up to $300 million, with an option for an additional $300 million increase, subject to certain conditions. The facility matures on September 16, 2029, and includes a $100 million sub-facility for letters of credit. The agreement contains financial covenants and customary affirmative and negative covenants, secured by Roku's assets. The Credit Agreement is detailed in Exhibit 10.1.
- Filer
- Roku Inc. ROKU · NASDAQ
- Filed
- Accession
- 0001140361-24-041308
- CIK
- 0001428439
- Signal
- Medium impactCommunication Services
- 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
$74.37
Next session
+4.0%
Since filing
+95.0%
Latest close
$145.01
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ROKU reporting the same item, with the next session's move:
Exhibits (1)
About Roku Inc.
Roku Inc. is a leading player in the streaming media industry, known for manufacturing streaming devices and developing a popular platform for digital media delivery. Established in 2002, Roku's primary function is to provide accessible and user-friendly devices that stream a vast array of entertainment content directly to consumers’ televisions via the internet. It impacts several sectors, including entertainment, digital advertising, and consumer electronics. Roku services extend beyond hardware to include a significant content distribution platform that hosts both free and subscription-based channels, offering content from major networks and studios. The company also caters to advertisers by providing targeted advertising solutions. Roku's devices and services have significantly influenced the way audiences consume media, contributing to the ongoing shift from traditional cable TV to digital streaming platforms. As an innovator in streaming technology, Roku plays a pivotal role in the evolving landscape of home entertainment.
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