Atlassian Corp Files 8-K for Material Definitive Agreement

TL;DR

ATLAS just signed a big deal, details TBD.

AI Summary

On August 12, 2024, Atlassian Corporation entered into a material definitive agreement. The filing does not disclose the specific details of this agreement, such as the counterparty or the financial implications, but it is categorized under 'Entry into a Material Definitive Agreement'.

Why It Matters

This filing indicates a significant new contract or partnership for Atlassian, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.

Key Players & Entities

• Atlassian Corporation (company) — Registrant
• August 12, 2024 (date) — Date of earliest event reported
• 350 Bush Street, Floor 13 (location) — Principal executive offices address
• San Francisco, California 94104 (location) — Principal executive offices city, state, zip
• (415) 701-1110 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.00001 — tered Class A Common Stock, par value $0.00001 per share TEAM Nasdaq Global Select M
• $750,000,000 — issuers party thereto, providing for a $750,000,000 senior unsecured revolving credit facil

Filing Documents

• team-20240812.htm (8-K) — 31KB
• 0001650372-24-000028.txt ( ) — 152KB
• team-20240812.xsd (EX-101.SCH) — 2KB
• team-20240812_lab.xml (EX-101.LAB) — 21KB
• team-20240812_pre.xml (EX-101.PRE) — 12KB
• team-20240812_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement On August 12, 2024, Atlassian Corporation (the "Company") entered into an Amended and Restated Credit Agreement (the "Credit Agreement") by and among the Company, Atlassian US, Inc., an indirect subsidiary of the Company, as the borrower (the "Borrower" and together with the Company, the "Loan Parties"), Bank of America, N.A., as administrative agent, and the other lenders and letter of credit issuers party thereto, providing for a $750,000,000 senior unsecured revolving credit facility (the "new revolving credit facility"). The Credit Agreement amended and restated the Company's existing Credit Agreement dated as of October 28, 2020, by and among the Loan Parties, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended from time to time prior to such amendment and restatement. The new revolving credit facility matures on August 12, 2029. Borrowings under the new revolving credit facility will bear interest at a floating rate, which can be, at the Borrower's option, either (a) Term SOFR (as defined in the Credit Agreement) plus an applicable margin ranging from 0.875% to 1.500% per annum or (b) Base Rate (as defined in the Credit Agreement) plus an applicable margin ranging from 0.000% to 0.500% per annum. The foregoing applicable margins shall be determined, in each case, based on the consolidated leverage ratio of the Company and its subsidiaries; provided, that for so long as the Company has one or more Debt Ratings (as defined in the Credit Agreement), the Borrower may, at its option, irrevocably elect to have the applicable margins determined based on the Company's Debt Ratings instead of its consolidated leverage ratio. In addition to paying interest on the outstanding principal under the new revolving credit facility, the Borrower will be required to pay (i) an unused line fee per annum of the average daily unused portion of the new revolving c

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. ATLASSIAN CORPORATION Date: August 13, 2024 By: /s/ Joseph Binz Joseph Binz Chief Financial Officer