Fastly expands senior secured revolving credit facility to $100 million
FSLY•Credit facility expanded and terms improved
- Fastly entered a fourth amendment to its credit agreement with Silicon Valley Bank, a division of First-Citizens Bank & Trust.
- Senior secured revolving credit facility expanded to $100 million from $60 million.
- Maturity extended to Aug. 17, 2029, subject to springing maturity triggers tied to 7.75% convertible senior notes due 2028.
- Borrowing costs cut 0.25% to SOFR + 1.75% or base rate + 0.75%.
- Unused commitment fee set at 0.25% or 0.20%, depending on average daily usage relative to $50 million.
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