AppLovin negotiating credit amendment to extend term loan maturity to 2030, prepay $249M

AppLovin Corp

Current $1.749B term loans due 2025; proposed $1.5B due 2030 subject to negotiations.
Expects to use ~$249M cash for voluntary prepayment of Initial Term Loans.
Also negotiating reduction in the applicable interest rate on the Initial Term Loans.
Amendment and prepayment remain subject to ongoing negotiations and may not be completed.

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