debt
confidence high
sentiment neutral
materiality 0.75
AppLovin adds $1.5B in incremental term loans under existing credit facility
AppLovin Corp
- Borrowed $1.5B new term loans via Amendment No. 6 to existing credit agreement.
- New loans mature Oct 25, 2028; LIBOR floor 50 bps; margin LIBOR+3.00% (ABR+2.00%).
- Proceeds used for general corporate purposes including acquisitions and investments.
- Amendment No. 6 effective Oct 25, 2021; JPMorgan, Bank of America, KKR Capital Markets led.