SAN FRANCISCO - Dropbox Inc. (NASDAQ: DBX ), a prominent cloud storage company, has entered into a Credit and Guaranty Agreement that provides the company with up to $2 billion in secured term loans maturing in 2029, alongside initiating a $1.2 billion stock repurchase program. The financing was chiefly arranged and provided by Blackstone (NYSE: BX ) Credit & Insurance. The term loan includes an initial borrowing of $1 billion with the option to access up to an additional $1 billion later. This strategic move comes as Dropbox also terminates its previous Revolving Credit and Guaranty Agreement from March 20, 2014. Additionally, Dropbox has authorized a new share repurchase program aimed at acquiring $1.2 billion of its Class A common stock.