Form 8-K · Current report
Axon Enterprise 8-K, filed Sep 15, 2026
- Filed
- CIK
- 0001069183
- Accession no.
- 0001193125-26-391320
Summary
Axon Enterprise entered a second amendment to its credit agreement, conditioned on the closing of a proposed public offering of $1.0 billion of 0% convertible senior notes due 2031, with an option for up to an additional $150.0 million to cover over-allotments. The amendment is expected to increase Axon's revolving credit facility from $300.0 million to $500.0 million and extend the facility's maturity date, subject to the earliest of several dates tied to the notes.
Key points
- Axon entered a second amendment to its credit agreement on September 15, 2026, whose effectiveness is conditioned on the consummation of an offering of 0% convertible notes due 2031.
- The amendment is expected to raise the revolving credit facility from $300.0 million to $500.0 million, with an option to increase it by an additional $150.0 million, and to extend the maturity date from March 11, 2030 to up to five years from closing.
- Axon announced a proposed public offering of $1.0 billion of 0% convertible senior notes due 2031, with an underwriters' option for up to an additional $150.0 million to cover over-allotments.
- Axon intends to use part of the net proceeds to pay the cost of capped call transactions and the remainder for general corporate purposes.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. Credit Agreement Amendment On September 15, 2026, the Company entered into a second amendment (the “Second Amendment”) to its credit agreement, by and among the Company, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), which amends the Credit Agreement, dated December 15, 2022, among the Company, as borrower, the Administrative Agent, J.P. Morgan Securities LLC, as sole bookrunner and sole left lead arranger and the other lenders party thereto from time to time (as amended by Amendment No. …
An excerpt of the text as filed with the SEC, cut for length.
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