---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-145102"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:23:44.357398+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Snap enters into $1.05B revolving credit facility, replacing prior facility

## Summary
- New $1.05B credit facility matures May 6, 2027; replaces prior $1.05B facility terminated concurrently.
- Revolving loans bear interest at SOFR plus 0.75% (USD) or comparable rates for foreign currencies.
- Commitment fee of 0.10% per annum on unused amounts; financial covenant requires at least $300M liquidity.
- No revolving loans outstanding as of closing; Snap may request two one-year maturity extensions.
- Loans available in USD, EUR, GBP, AUD, JPY, CAD; foreign currency cap of $200M.

## SEC filing metadata
- accession: 0001193125-22-145102
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000119312522145102/0001193125-22-145102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000119312522145102/d301671d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-145102
- JSON: https://secwatch.observer/filing/0001193125-22-145102.json
- Plain text: https://secwatch.observer/filing/0001193125-22-145102.txt

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