Item 1.02 Termination of a Material Definitive Agreement.
Effective April 24, 2009, NetApp, Inc. ("NetApp"), terminated its Secured Credit
Agreement, dated as of October 5, 2007, (as amended, restated, supplemented or
otherwise modified from time to time, the "Credit Agreement") among NetApp,
certain lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative
agent. The Credit Agreement provided for a revolving secured credit facility of
up to $250.0 million with a term of five years from the effective date of
October 5, 2007. No borrowings were outstanding at the time of termination and
no penalties resulted from the early termination. NetApp terminated the Credit
Agreement in furtherance of its efforts to efficiently manage its financing
structure in light of its current business requirements.
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