{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-079257","form_type":"8-K","ticker":"HOOD","cik":"0001783879","company_name":"Robinhood Markets, Inc.","filed_at":"2023-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.527192+00:00","generated_at":"2026-06-17T16:56:44.752007+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Robinhood Securities enters $2.175B 364-day credit facility; replaces $2.275B prior facility","bullets":["New $2.175B senior secured revolving facility can be increased to $3.2625B under certain conditions.","No borrowings outstanding as of March 24, 2023; facility fully undrawn.","Interest: Base rate (SOFR+0.10%) plus 1.25% (Tranche A) or 2.50% (Tranche B,C).","Commitment fee of 0.50% on undrawn commitments; 364-day term to Maturity Date.","Facility secured by margin loans, NSCC deposits, and reserve funds for regulatory compliance."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-079257","json":"https://secwatch.observer/filing/0001193125-23-079257.json","markdown":"https://secwatch.observer/filing/0001193125-23-079257.md","text":"https://secwatch.observer/filing/0001193125-23-079257.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783879/000119312523079257/0001193125-23-079257-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783879/000119312523079257/d465939d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T16:56:44.752007+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9921dbc070ce8a8816914966acd3d7c4436e37ad","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1783879/000119312523079257/0001193125-23-079257-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2.175 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"the greatest of (i) Daily Simple SOFR plus 0.10%, (ii) the Federal Funds Effecti"},{"label":"Maturity","value":"364-day"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"1f8e47ce5ab804f87cb731342714803ce710d036","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1783879/000119312523079257/0001193125-23-079257-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as administrative agent) and the lenders party thereto"},{"label":"Value","value":"$2.175 billion"},{"label":"Effective","value":"2023-03-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}