Dropbox Amends Secured Credit Agreement; Announces Additional $1.5B Stock Repurchase Program
Dropbox, Inc. - Class A (DBX)
Company Research
Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (“Dropbox” or the “Company”) (Nasdaq: DBX), today announced an amendment to its existing Credit and Guaranty Agreement providing the Company with up to an additional $700 million in delayed draw secured term loans. The amended facility was led and substantially provided by Blackstone Credit & Insurance, who served as lead arranger and lead structuring agent. Proceeds of the additional delayed draw term loans may only be used to repay the Company’s outstanding convertible senior notes due in 2026.The Company also announced a new share repurchase authorization for the purchase of an additional $1.5 billion of its Class A common stock.About DropboxDropbox is the one place to keep life organized and keep work moving. With more than 700 million registered users across approximately 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is headquartered in San Francisco, CA, and has employees around the world.
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News
- DBX Q3 Earnings Beat Estimates, Revenues Fall Y/Y, Shares Rise [Yahoo! Finance]Yahoo! Finance
- Dropbox (NASDAQ:DBX) had its price target raised by analysts at Royal Bank Of Canada from $35.00 to $38.00. They now have an "outperform" rating on the stock.MarketBeat
- Dropbox Announces Fiscal 2025 Third Quarter ResultsBusiness Wire
- Dropbox (NASDAQ:DBX) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=DBX&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> frMarketBeat
- Dropbox (NASDAQ:DBX) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
DBX
Earnings
- 11/6/25 - Beat
DBX
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 144
- DBX's page on the SEC website