NETSCOUT SYSTEMS INC Enters Material Definitive Agreement
Ticker: NTCT · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1078075
| Field | Detail |
|---|---|
| Company | Netscout Systems Inc (NTCT) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $600,000,000, $75,000,000, $100,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
Related Tickers: NTWK
TL;DR
NETSCOUT just signed a big deal, filing an 8-K for a material definitive agreement.
AI Summary
On October 4, 2024, NETSCOUT SYSTEMS, INC. entered into a material definitive agreement related to a financial obligation. The company, incorporated in Delaware with its principal executive offices at 310 Littleton Road, Westford, MA, filed this 8-K report to disclose this event.
Why It Matters
This filing indicates a significant financial commitment or obligation for NETSCOUT SYSTEMS, INC., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- NETSCOUT SYSTEMS, INC. (company) — Registrant
- October 4, 2024 (date) — Date of earliest event reported
- 310 Littleton Road Westford, MA 01886 (address) — Principal executive offices
- 000-26251 (company_id) — Commission File Number
- 04-2837575 (tax_id) — I.R.S. Employer Identification Number
FAQ
What type of material definitive agreement did NETSCOUT SYSTEMS, INC. enter into?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
When was this material definitive agreement reported?
The report was filed on October 4, 2024, and this date is also the earliest event reported.
What is NETSCOUT SYSTEMS, INC.'s principal executive office address?
The principal executive offices are located at 310 Littleton Road, Westford, MA 01886.
What is NETSCOUT SYSTEMS, INC.'s Commission File Number?
The Commission File Number for NETSCOUT SYSTEMS, INC. is 000-26251.
What is the IRS Employer Identification Number for NETSCOUT SYSTEMS, INC.?
The I.R.S. Employer Identification Number for NETSCOUT SYSTEMS, INC. is 04-2837575.
Filing Stats: 1,997 words · 8 min read · ~7 pages · Grade level 12.6 · Accepted 2024-10-04 16:30:55
Key Financial Figures
- $600,000,000 — Agreement provides for a new five-year $600,000,000 senior secured revolving credit facilit
- $75,000,000 — letter of credit sub-facility of up to $75,000,000. The Company may elect to use the new c
- $100,000,000 — uisition for consideration in excess of $100,000,000 that, on a pro forma basis, would resul
Filing Documents
- d896927d8k.htm (8-K) — 36KB
- d896927dex101.htm (EX-10.1) — 969KB
- 0001193125-24-233088.txt ( ) — 1358KB
- ntct-20241004.xsd (EX-101.SCH) — 3KB
- ntct-20241004_lab.xml (EX-101.LAB) — 17KB
- ntct-20241004_pre.xml (EX-101.PRE) — 11KB
- d896927d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number 10.1* Third Amendment and Restatement Agreement, dated as of October 4, 2024, to the Second Amended and Restated Credit Agreement, dated as of July 27, 2021, by and among NetScout Systems, Inc., as borrower; certain subsidiaries of NetScout Systems, Inc., as loan parties; the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent attaching the Third Amended and Restated Credit Agreement, dated as of October 4, 2024, by and among NetScout Systems, Inc., as borrower; JPMorgan Chase Bank, N.A., as administrative agent and collateral agent; JPMorgan Chase Bank, N.A., Bank of America, N.A., RBC Capital Markets, PNC Capital Markets LLC and Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners; TD Bank, N.A. and Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, as co-documentation agents; and the lenders and issuing banks party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain schedules (or similar attachments) to this exhibit have been omitted pursuant to Regulation S-K, Item 601(a)(5). The registrant agrees to furnish a copy of any omitted schedule (or similar attachment) to the Securities and Exchange Commission upon request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. NETSCOUT SYSTEMS, INC. By: /s/ Jean Bua Jean Bua Executive Vice President and Chief Financial Officer Date: October 4, 2024