Company: CVLT
Filing Date: 2025-09-05
Form Type: 8-K
Source: 0001169561-25-000075
Chunk: 3

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-09-05
Form: 8-K
Item: Item 1.01
Chunk 3
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 certain de-listing events with respect to the Common Stock.

In addition, upon a Make-Whole Fundamental Change, the Company will, under certain circumstances, increase the applicable conversion rate for a holder that elects to convert its Notes in connection with such Make-Whole Fundamental Change. No adjustment to the conversion rate will be made if the Stock Price (as defined in the Indenture) in such Make-Whole Fundamental Change is either less than $178.78 per share or greater than $1,100.00 per share. The Company will not increase the conversion rate to an amount that exceeds 5.5934 shares per $1,000 principal amount of Notes, subject to adjustment as set forth in the Indenture.

The Notes will have customary provisions relating to the occurrence of Events of Default (as defined in the Indenture), which include the following:

(i) certain payment defaults (which, in the case of a default in the payment of special interest or additional interest on the Notes, will be subject to a 30-day cure period);

(ii) the Company’s failure to send certain notices under the Indenture within specified periods of time, subject to applicable cure periods;

(iii) a default by the Company in its obligation to convert a Note in accordance with the Indenture if not cured within three business days after its occurrence;

(iv) the Company’s failure to comply with certain covenants in the Indenture relating to the Company’s ability to consolidate with or merge with or into, or sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of the Company and its subsidiaries, taken as a whole, to another person;

(v) a default by the Company in its other obligations or agreements under the Indenture or the Notes if such default is not cured or waived within 60 days after notice is given in accordance with the Indenture;

(vi) certain defaults by the Company or any of its Significant Subsidiaries (as defined in the Indenture) with respect to indebtedness for borrowed money of at least $100 million; and

(vii) certain events of bankruptcy, insolvency and reorganization involving the Company or any of its Significant Subsidiaries.

If an Event of Default involving bankruptcy, insolvency or reorganization events with respect to the Company (and not solely with respect to a Significant Subsidiary), occurs, then the principal amount of, and all accrued and unpaid interest, if any,