On January 22, 2021, NetApp, Inc. entered into an Amended and Restated Credit Agreement with the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement amends and restates the company's existing Credit Agreement, dated as of December 12, 2016, as amended. The Credit Agreement provides for a $1 billion revolving unsecured credit facility, with a sublimit of $50 million available for the issuance of letters of credit on the company's or its subsidiaries' behalf. The facility matures on January 22, 2026, with an option for the company to extend the maturity date for two additional 1-year periods, subject to certain conditions. The proceeds of the loans may be used by the company for general corporate purposes and as liquidity support for its existing commercial paper program.