debt
confidence high
sentiment neutral
materiality 0.50
Palantir increases revolving credit facility by $100M to $500M, extends maturity
Palantir Technologies Inc.
- Total revolving commitments raised to $500M; new lenders Wells Fargo, Bank of Nova Scotia, MUFG added.
- Maturity date extended; no amounts outstanding under the facility as of March 31, 2022.
- Three new lenders (Wells Fargo, BNS, MUFG) join existing lenders Morgan Stanley, Credit Suisse, RBC, Citi.
- Proceeds to be used for general corporate purposes; credit agreement amended and restated.
- No default or material adverse effect after amendment; legal opinions and solvency certificate delivered.