On May 17, 2024, Cloudflare announced that the company entered into a credit agreement for a senior secured $400 million revolving loan facility (Revolving Facility) with Citibank. Wilson Sonsini Goodrich & Rosati advised Cloudflare on the transaction. The proceeds of loans under the Revolving Facility may be used for working capital and general corporate purposes.

The Wilson Sonsini team that advised Cloudflare on the transaction includes:

Corporate Finance
John Mao
Michael Rosati
Andrew Ralston
Jill Fulwiler
Rick Titcomb
Eaton Liu
Qui Flood

Fintech and Financial Services
Marc Foster

Tax
Derek Wallace
Brandon King
Beau Brawner

Employee Benefits and Compensation
Madeleine Boshart

For more information, please see Cloudflare's 8-K filing on May 17, 2024.