debt
confidence high
sentiment positive
materiality 0.65
AppLovin announces $1B unsecured revolver, begins investment-grade debt transition
AppLovin Corp
- Received investment-grade ratings (BBB-) from S&P and Fitch.
- New $1B unsecured revolving credit facility arranged; JPMorgan is lead admin agent.
- Facility closing contingent on terminating existing secured credit and repaying secured term loans.
- Fixed-income investor meetings underway November 19 to support unsecured debt issuance.
- No guarantee on final structure, size, or completion of the unsecured transaction.