ServiceNow borrows $4B short-term to finance Armis Security acquisition, reports Q1 results

Filed April 22, 2026 · Period ending April 17, 2026 · ~1 min read

Key Changes

• high

  ServiceNow took out a $4 billion unsecured term loan maturing October 2026 to partially fund its acquisition of Armis Security Ltd., indicating a major M&A transaction requiring significant debt financing.

  Item 1.01 verify on EDGAR →
• medium

  The loan carries variable interest rates tied to SOFR or alternate base rate plus a margin based on ServiceNow's credit rating, meaning interest costs will fluctuate with market rates and could rise if the company is downgraded.

  Item 1.01 verify on EDGAR →
• medium

  ServiceNow can extend the loan maturity by up to six months, but each lender decides individually whether to participate, creating refinancing uncertainty if market conditions deteriorate.

  Item 1.01 verify on EDGAR →