# EXTREME NETWORKS INC (EXTR) — capital_raise [completed]
Source: SEC API (secapi.ai) · situation sit_a05a648f242165e5d3a7 · retrieved 2026-08-11T16:14:19.448Z

## Overview
Extreme Networks, Inc. is a computer communications equipment company that provides networking solutions; it operates as a Delaware corporation with fiscal year ending June 30.

On July 29, 2026, Extreme Networks, Inc. entered into a new Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent and other lenders, providing a 5-year revolving loan facility of $500 million. The facility replaces the company's prior Second Amended and Restated Credit Agreement dated June 22, 2023 with Bank of Montreal. As of the closing date, $200 million of revolving loans were outstanding under the new facility, with $300 million of revolving commitments remaining available. The company used proceeds from the new borrowing to repay all outstanding indebtedness under the prior credit agreement and to pay fees and expenses related to the new facility, with no material early termination penalties incurred.

## Terms
- Counterparty: JPMorgan Chase Bank, N.A. (Administrative Agent) and syndicate of lenders · Deal value: $500.0M

## Key dates
- Completed 2026-07-29

## Timeline
- 2026-07-30 · 8-K (0001193125-26-324888): 8-K - EXTREME NETWORKS INC — *Extreme Networks, Inc. is a computer communications equipment company that provides networking solutions; it operates as a Delaware corporation with fiscal year ending June 30.* On July 29, 2026, Extreme Networks, Inc. entered into a new Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent and other lenders, providing a 5-year revolving loan facility of $500 million. The facility replaces the company's prior Second Amended and Restated Credit Agreement dated June 22, 2023 with Bank of Montreal. As of the closing date, $200 million of revolving loans were outstanding under the new facility, with $300 million of revolving commitments remaining available. The company used proceeds from the new borrowing to repay all outstanding indebtedness under the prior credit agreement and to pay fees and expenses related to the new facility, with no material early termination penalties incurred.
  https://www.sec.gov/Archives/edgar/data/1078271/0001193125-26-324888.txt

## Citations
- 0001193125-26-324888 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526324888