On July 29, 2026, Extreme Networks entered into a new $500 million five-year revolving credit facility with JPMorgan Chase Bank as administrative agent. The company utilized proceeds from this facility to repay outstanding indebtedness under its previous agreement with Bank of Montreal and pay associated fees. As of the closing date, $200 million was drawn, leaving $300 million available for future borrowing. The new facility replaces the prior credit agreement, which was terminated without material penalties. Interest rates are tied to SOFR or Alternate Base Rate plus a margin ranging from 0.25% to 2.00%, depending on leverage ratios. Financial covenants require maintaining an interest charge coverage ratio of at least 3.00 to 1.00 and a total net leverage ratio not exceeding 3.75 to 1.00, with potential step-ups for acquisitions. Extreme Networks operates in the technology sector, designing and manufacturing networking hardware and software solutions.