Dynatrace, Inc. (DT) Form 8-K — Sep 25, 2026
On September 24, 2026, Dynatrace subsidiaries entered into a $500 million senior secured revolving credit facility with Bank of America, N.A. as administrative agent, maturing June 24, 2031 with up to two one-year extension options. Borrowings bear interest at benchmark rates (Term SOFR, EURIBO, Adjusted Term CORRA, Daily Simple SONIA, or base rate) plus a leverage- or ratings-based margin ranging from 0.00% to 1.625%, with a $100 million cap on non-U.S. dollar borrowings and a $45 million letter of credit sublimit.
Key figures
- Debt Amount
- 500000000
- Interest Rate
- benchmark rate (Term SOFR/EURIBO/Adjusted Term CORRA/Daily Simple SONIA/base rate) plus applicable margin of 0.00%-1.625% depending on leverage or debt rating
- Maturity Date
- 2028-06-24
- Non usd borrowing cap
- 100000000
- Total leverage covenant
- <= 4.00x (temporary 4.50x after certain acquisitions > $150,000,000 consideration)
- Letter of credit sublimit
- 45000000
- Change of control threshold
- 40% beneficial ownership of Dynatrace, Inc. equity
- Springing maturity threshold
- 2031 exchangeable notes outstanding > $300,000,000 within 91 days of stated maturity
AI analysis
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