Fastly, Inc. Enters Material Definitive Agreement

TL;DR

Fastly just signed a big new deal, likely involving debt.

AI Summary

On December 2, 2024, Fastly, Inc. entered into a Material Definitive Agreement, specifically a credit agreement, which creates a direct financial obligation for the company. This agreement is a significant event for Fastly, Inc. as it involves financial commitments and obligations.

Why It Matters

This filing indicates Fastly, Inc. has entered into a new financial agreement, which could impact its capital structure and future operations.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce financial risk and impact the company's balance sheet.

Key Players & Entities

• Fastly, Inc. (company) — Registrant
• December 2, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 001-38897 (other) — Commission File Number
• 27-5411834 (other) — I.R.S. Employer Identification Number
• 475 Brannan Street, Suite 300 San Francisco, CA 94107 (address) — Address of principal executive offices
• ( 844 ) 432-7859 (phone_number) — Registrant's Telephone Number

FAQ

From the Filing

0001517413-24-000244.txt : 20241205 0001517413-24-000244.hdr.sgml : 20241205 20241205162440 ACCESSION NUMBER: 0001517413-24-000244 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20241202 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Other Events FILED AS OF DATE: 20241205 DATE AS OF CHANGE: 20241205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fastly, Inc. CENTRAL INDEX KEY: 0001517413 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 275411834 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38897 FILM NUMBER: 241529414 BUSINESS ADDRESS: STREET 1: 475 BRANNAN STREET 2: SUITE 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 415-525-3481 MAIL ADDRESS: STREET 1: 475 BRANNAN STREET 2: SUITE 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: Skycache, Inc.(DE) DATE OF NAME CHANGE: 20110405 8-K 1 fsly-20241202.htm 8-K fsly-20241202 0001517413 false 0001517413 2024-12-02 2024-12-02 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 2, 2024 FASTLY, INC. (Exact name of Registrant as Specified in Its Charter)   Delaware 001-38897 27-5411834 (State or other jurisdiction of Incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 475 Brannan Street, Suite 300 San Francisco , CA 94107 (Address of principal executive offices) (Zip code) ( 844 ) 432-7859 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.00002 par value   “FSLY”   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ Item 1.01 Entry into a Material Definitive Agreement. Indenture and Notes On December 5, 2024, Fastly, Inc. (“Fastly”) issued (the “Issuance”) $150.0 million principal amount of its 7.75% convertible senior notes due 2028 (the “2028 Notes”). The 2028 Notes were issued pursuant to an Indenture, dated December 5, 2024 (the “Indenture”), between Fastly and U.S. Bank Trust Company, National Association, as trustee. The 2028 Notes will accrue interest at a rate