---
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"
generated_at: "2026-05-18T16:15:28.539401+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-008001
- JSON: https://secwatch.observer/filing/0000950103-25-008001.json
- Plain text: https://secwatch.observer/filing/0000950103-25-008001.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $550,000,000
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: Term SOFR rate, Daily Simple SOFR rate, or alternate base rate
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1782170/000095010325008001/0000950103-25-008001-index.htm

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