$S · SentinelOne, Inc.
On November 12, 2026, SentinelOne entered a credit agreement with Bank of America as administrative agent providing a $400M senior secured revolving credit facility, including a $60M letter-of-credit sublimit. The facility matures November 12, 2031, with a springing maturity tied to Springing Maturity Debt thresholds. Proceeds may fund working capital and general corporate purposes; no revolving loans were outstanding at closing, with about $0.4M in letters of credit.
- $400M senior secured revolving credit facility, with a $60M letter-of-credit sublimit.
- Matures November 12, 2031, subject to a springing maturity provision.
- No revolving loans outstanding at closing; ~$0.4M in letters of credit.
- Financial covenants: Secured Leverage Ratio ≤3.00x and Interest Coverage Ratio ≥3.00x.
- Facility permits share repurchases and acquisitions subject to leverage tests.
Extended-hours last trade $22.44, up 0.65% vs regular close and 0.74% vs filing-time price, suggesting a muted reaction to the new credit facility.
Adds $400M of flexible, covenant-governed liquidity that supports buybacks and M&A without immediate dilution.
_Not applicable._
The facility adds secured debt obligations with financial covenants and a springing maturity that could accelerate repayment if leverage or liquidity thresholds are breached.