Nutanix, Inc. Files 8-K on New Agreement and Financial Obligation

TL;DR

Nutanix just signed a new deal and took on debt. Details to follow.

AI Summary

On February 12, 2025, Nutanix, Inc. filed an 8-K report detailing a material definitive agreement and a direct financial obligation. The filing indicates the company entered into a new agreement and incurred a financial obligation, though specific details of the agreement and obligation are not provided in this excerpt.

Why It Matters

This filing signals a significant new contractual commitment and financial undertaking for Nutanix, Inc., which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carry financial risks and require further scrutiny.

Key Players & Entities

• Nutanix, Inc. (company) — Registrant
• February 12, 2025 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 1740 Technology Drive, Suite 150, San Jose, California 95110 (address) — Principal Executive Offices
• 408-216-8360 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.000025 — hich registered Class A Common Stock, $0.000025 par value per share NTNX The Nasdaq
• $500 million — expected to enter into an approximately $500 million revolving credit facility during the ca
• $500.0 m — ity in an aggregate principal amount of $500.0 million, including a $25.0 million sublim
• $25.0 million — l amount of $500.0 million, including a $25.0 million sublimit for the issuance of letters of
• $2.9 million — nding revolving loans and approximately $2.9 million of outstanding letters of credit under
• $354.0 million — redit Agreement) exceeds the greater of $354.0 million and 50% of Consolidated EBITDA (as defi

Filing Documents

• ntnx-20250212.htm (8-K) — 54KB
• ntnx-ex10_1.htm (EX-10.1) — 2055KB
• 0000950170-25-018971.txt ( ) — 2514KB
• ntnx-20250212.xsd (EX-101.SCH) — 32KB
• ntnx-20250212_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Nutanix, Inc. (the "Company") previously reported in a Current Report on Form 8-K filed on December 10, 2024 that the Company expected to enter into an approximately $500 million revolving credit facility during the calendar quarter ending March 31, 2025. Consistent with that expectation, on February 12, 2025 (the "Effective Date"), the Company entered into a credit agreement (the "Credit Agreement") by and among the Company, as borrower, Bank of America, N.A., as administrative agent (in such capacity, the "Administrative Agent"), collateral agent and L/C issuer, and the lenders from time to time party thereto (the "Lenders"). The Credit Agreement provides for a senior secured revolving credit facility in an aggregate principal amount of $500.0 million, including a $25.0 million sublimit for the issuance of letters of credit. The Credit Agreement provides that the Company has the right at any time and from time to time to incur one or more incremental revolving commitments and/or incremental term loans up to an unlimited amount, subject to certain customary conditions precedent and other requirements. The Lenders are not obligated to provide any such incremental loans or commitments. The proceeds of the loans under the Credit Agreement may be used for working capital and general corporate purposes. Letters of credit issued on behalf of the Company by the Lenders prior to the Effective Date are deemed issued under the Credit Agreement and will remain outstanding thereunder as of the Effective Date. As of the Effective Date, the Company had no outstanding revolving loans and approximately $2.9 million of outstanding letters of credit under the Credit Agreement. Revolving loans under the Credit Agreement may be borrowed, repaid and reborrowed, without premium or penalty (subject to customary breakage costs), until their maturity date under the Credit Agreement (the "Maturity Date"), at which time all amounts

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Credit Agreement, dated as of February 12, 2025, among Nutanix, Inc., as borrower, Bank of America, N.A., as administrative agent, collateral agent and L/C issuer, and the lenders party thereto * 104 Cover Page Interactive Data File (formatted as inline XBRL) *The schedules and exhibits to this exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any such omitted schedule or exhibit, or any section thereof, to the SEC 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 hereunto duly authorized. NUTANIX, INC. Date: February 12, 2025 By: /s/ Rukmini Sivaraman Rukmini Sivaraman Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR