Rapid7 Inc. Secures $200 Million Revolving Credit Facility with JPMorgan Chase to Boost Corporate Financing

Reuters
06-26
Rapid7 Inc. Secures $200 Million Revolving Credit Facility with JPMorgan Chase to Boost Corporate Financing

Rapid7 Inc., a Delaware-based corporation, has entered into a significant credit agreement on June 25, 2025, establishing a senior secured revolving credit facility. The agreement, made with Rapid7 LLC and lenders including JPMorgan Chase Bank, N.A. as the administrative agent, provides for borrowings up to $200 million. This facility will support Rapid7's working capital, capital expenditures, acquisitions, and general corporate purposes. The agreement includes various financial covenants and conditions, with interest rates tied to the secured overnight financing rate $(SOFR)$ plus a margin. The facility, set to mature five years from the closing date, also features a commitment fee on unused portions, and contains customary representations, covenants, and default provisions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rapid7 Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-007817), on June 25, 2025, and is solely responsible for the information contained therein.

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