{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-008001","form_type":"8-K","ticker":"RELY","cik":"0001782170","company_name":"Remitly Global, Inc.","filed_at":"2025-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.692870+00:00","generated_at":"2026-05-18T16:15:28.539401+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Remitly enters new $550M revolving credit facility, replaces prior $325M facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-008001","json":"https://secwatch.observer/filing/0000950103-25-008001.json","markdown":"https://secwatch.observer/filing/0000950103-25-008001.md","text":"https://secwatch.observer/filing/0000950103-25-008001.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1782170/000095010325008001/0000950103-25-008001-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1782170/000095010325008001/dp230566_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T16:15:28.539401+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c54197fcd0af15d88d8fe20378ee02e62d362a3","claim":"Remitly Global, Inc. incurred revolving credit of $550,000,000 with JPMorgan Chase Bank, N.A. at Term SOFR rate, Daily Simple SOFR rate, or alternate base rate.","evidence_excerpt":"as of September 13, 2021 (as amended, the “Prior Credit Agreement”), among Remitly, the financial institutions party thereto, and the Agent. The Credit Agreement provides for a $550,000,000 secured revolving credit facility (the “Facility”). Remitly anticipates using the proceeds from the Facility primarily to support prefunding of customer flows within Remitly’s","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1782170/000095010325008001/0000950103-25-008001-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$550,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"Term SOFR rate, Daily Simple SOFR rate, or alternate base rate"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}