secwatch.observer — SEC 8-K summary
======================================

Issuer:     Remitly Global, Inc. (RELY)
CIK:        0001782170
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0000950103-23-017845
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782170/000095010323017845/0000950103-23-017845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782170/000095010323017845/dp204035_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-017845

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer