Fastly amends credit facility, raising revolver to $100.0 million and extending maturity to 2029
Fastly amended its credit agreement on August 17, 2026, increasing its senior secured revolving facility from $60.0 million to $100.0 million and extending the scheduled maturity to August 17, 2029. The amendment also lowers borrowing rates by 0.25% and changes the commitment fee structure, with maturity terms tied to Net Liquidity tests linked to its 7.75% convertible notes due 2028.
Key points
- Revolving commitments increased from $60.0 million to $100.0 million.
- Scheduled Revolving Termination Date extended to August 17, 2029, with a one-year extension option if Net Liquidity is at least $200.0 million.
- Borrowing rates reduced by 0.25%, to SOFR plus 1.75% or base rate plus 0.75%.
- Commitment fee is 0.25% per annum on unused commitments when average usage is $50.0 million or less, and 0.20% when usage is above $50.0 million.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.