---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-017845"
form_type: "8-K"
ticker: "RELY"
cik: "0001782170"
company_name: "Remitly Global, Inc."
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:09:40.080303+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Remitly expands revolving credit facility by $75M to $325M with new lenders

## Summary
- Amendment No. 2 increases revolving commitments by $75M, total now $325M.
- New lenders: Wells Fargo Bank ($50M) and Standard Chartered Bank ($25M).
- Maturity date remains September 13, 2026 unchanged.
- Proceeds for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0000950103-23-017845
- form_type: 8-K
- ticker: RELY
- cik: 0001782170
- company_name: Remitly Global, Inc.
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782170/000095010323017845/0000950103-23-017845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782170/000095010323017845/dp204035_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-017845
- JSON: https://secwatch.observer/filing/0000950103-23-017845.json
- Plain text: https://secwatch.observer/filing/0000950103-23-017845.txt

## Key facts
- Material Agreements
  Remitly Global, Inc. amended Amendment No. 2 and Joinder Agreement with JPMorgan Chase Bank, N.A. valued at $75,000,000 (effective 2023-12-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $75,000,000
  - Effective: 2023-12-20
  source text: On December 20, 2023, Remitly Global, Inc. and Remitly, Inc. as borrowers and as guarantors (collectively, the “Company”) entered into the Amendment No. 2 and Joinder Agreement (the “Amendment No. 2”) which amends the Revolving Credit and Guaranty Agreement dated as of September 13, 2021 (as amended by the Amendment No. 1 dated as of June 26, 2023 and as further amended by Amendment No. 2, the “Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782170/000095010323017845/0000950103-23-017845-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.