Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Robinhood Markets, Inc. amended credit facility of $2.175 billion with JPMorgan Chase Bank, N.A., as administrative agent at the greatest of (i) Daily Simple SOFR plus 0.10%, (ii) the Federal Funds Effecti maturing 364-day.
- Instrument
- credit facility
- Principal
- $2.175 billion
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- the greatest of (i) Daily Simple SOFR plus 0.10%, (ii) the Federal Funds Effecti
- Maturity
- 364-day
- Event
- amendment
Exact text from the filing
secured revolving credit facility entered into in April 2022. The Credit Agreement provides for a 364-day senior secured revolving credit facility with a total commitment of $2.175 billion. Under circumstances described in the Credit Agreement, the aggregate commitments may be increased by up to $1.0875 billion, for a total commitment under the Credit Agreement of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Robinhood Markets, Inc. amended Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. (as administrative agent) and the lenders party thereto valued at $2.175 billion (effective 2023-03-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. (as administrative agent) and the lenders party thereto
- Value
- $2.175 billion
- Effective
- 2023-03-24
Exact text from the filing
On March 24, 2023, Robinhood Securities, LLC (“RHS”), a subsidiary of Robinhood Markets, Inc. (the “Registrant”), entered into the Second Amended and Restated Credit Agreement (the “Credit Agreement”) among RHS, as borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, amending and restating the $2.275 billion 364-day senior secured revolving credit facility entered into in April 2022.
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