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AI brief of an SEC Form 8-K · NetApp (NTAP)

NetApp issues $625 million notes due 2032 and $625 million notes due 2035

Neutral Impact 3 of 5 financing Written later

NetApp sold two tranches of senior notes in a public offering, with each tranche totaling $625 million, and will use part of the net proceeds to repay its 1.875% notes due 2025 at maturity. The filing adds about $1.25 billion of new debt on the company's balance sheet, with the remaining proceeds going to general corporate purposes.

Key points

  • 2032 Notes: $625 million at 5.500%, maturing March 17, 2032
  • 2035 Notes: $625 million at 5.700%, maturing March 17, 2035
  • Proceeds will repay 1.875% Senior Notes due 2025 at maturity, with the remainder for general corporate purposes
  • Underwriting agreement dated March 12, 2025 with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC

The filing

CompanyNetApp (NTAP)
Form8-K, current report
Filed with the SECMar 17, 2025, 4:37 PM ET
Accession number0001193125-25-055656

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 7:01 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 17, 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.