secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001193125-23-079257
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Robinhood Securities enters $2.175B 364-day credit facility; replaces $2.275B prior facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000119312523079257/0001193125-23-079257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000119312523079257/d465939d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-079257

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