Remitly enters new $550M revolving credit facility, replaces prior $325M facility

Remitly Global, Inc.

• New $550M secured revolving credit facility with JPMorgan as administrative agent; replaces prior $325M facility.
• Proceeds primarily to support prefunding of customer flows and for general corporate purposes.
• No borrowings were outstanding under the prior agreement at termination.
• Interest based on Term SOFR, Daily Simple SOFR, or alternate base rate; net leverage ratio covenant ≤ 4.50x.
• Facility guaranteed by certain subsidiaries and secured by first-priority lien on substantially all assets.