KKR selling 19.9M APP shares at $56; AppLovin to repurchase 10.5M at $54.46

AppLovin Corp

Secondary offering of 19,866,397 Class A shares by KKR Denali at $56.00 per share.
AppLovin agrees to repurchase 10,466,397 shares from underwriters at $54.46 per share.
KKR expected to convert ~16M Class B shares to Class A in connection with offering.
Company will receive no proceeds; closing expected around March 6, 2024.
Underwriting agreement includes customary reps, warranties, and indemnification.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AppLovin Corp entered into Underwriting Agreement with KKR Denali Holdings L.P. and BofA Securities, Inc. (effective 2024-02-29).

Action: entry
Agreement: underwriting
Counterparty: KKR Denali Holdings L.P. and BofA Securities, Inc.
Effective: 2024-02-29

Exact text from the filing

On February 29, 2024, AppLovin Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with KKR Denali Holdings L.P. (the “Selling Stockholder”) and BofA Securities, Inc., acting for themselves and as representative of the several underwriters named in Schedule I to the Underwriting Agreement

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290 material agreements filed in the last 30 days. Browse all material agreements →

AppLovin Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-058014

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