NetApp enters $1.0 billion unsecured revolving credit facility maturing March 2030
NetApp entered a Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, providing a $1.0 billion revolving unsecured credit facility. No borrowings or letters of credit were outstanding as of March 5, 2025, and the filing describes the facility as available for general corporate purposes and as liquidity support for its commercial paper program.
Key points
- Facility size is $1.0 billion, with a $50.0 million sublimit for letters of credit.
- Maturity is March 5, 2030, with an option to extend for two additional 1-year periods, subject to conditions.
- An expansion option allows a request for up to an additional $500.0 million, for a potential total of $1.5 billion.
- The agreement replaces the Amended and Restated Credit Agreement dated January 22, 2021, and requires compliance with a maximum leverage ratio measured quarterly.
The filing
Written by AI on Nov 8, 2026, 1:30 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 March 05, 2025.
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.