On September 11, 2025, RingCentral, Inc. entered into an Amendment and Restatement Agreement with Bank of America, N.A., among other parties, to amend and refinance its existing Credit Agreement. This Restated Credit Agreement establishes a $280 million revolving loan facility, a $310 million initial term loan facility, and a $650 million delayed draw term loan facility. These facilities are secured by the personal property of RingCentral and its subsidiary guarantors. The agreement allows RingCentral to increase its loan facilities, subject to certain conditions, potentially adding up to $620 million, contingent on its financial performance. As of the agreement's closing date, $310 million of term loans were outstanding.
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. RingCentral 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: 0001384905-25-000045), on September 12, 2025, and is solely responsible for the information contained therein.