Fastly, Inc. (FSLY) Form 8-K — Aug 17, 2026
Fastly entered into a Fourth Amendment to its credit agreement with Silicon Valley Bank on August 17, 2026, increasing commitments under its senior secured revolving credit facility from $60.0 million to $100.0 million. The amendment extends the facility's scheduled maturity to August 17, 2029, with a one-year extension option if Net Liquidity is at least $200.0 million, and includes a springing maturity tied to Fastly's 7.75% convertible senior notes due 2028.
Key figures
- Debt Amount
- 100000000
- Interest Rate
- SOFR + 1.75% or base rate + 0.75% (rates decreased by 0.25%)
- Maturity Date
- August 17, 2029 (earliest of scheduled date with one-year extension option and springing maturity tied to the 2028 convertible notes)
- Commitment Fee
- 0.25% per annum on unused portion if average daily outstanding balance is <= $50.0 million; 0.20% per annum if greater than $50.0 million
- Extension Option
- One-year extension if Net Liquidity >= $200.0 million as of 90 days prior to the Scheduled Revolving Termination Date
- Convertible Notes
- 7.75% convertible senior notes due 2028
- Commitment Increase
- $40.0 million
- Administrative Agent
- Silicon Valley Bank, a division of First-Citizens Bank & Trust Company
- Net Liquidity Threshold
- $200.0 million (or $120.0 million if less than $50.0 million of the 2028 Notes remain outstanding)
- Prior Revolver Commitment
- $60.0 million
Price after filing
1 day: -8.4%7 days: -21.0%30 days: -18.9%
Close on the filing date to close N calendar days later (from $29.04). Historical, not a forecast.
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