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.
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