debt
confidence high
sentiment neutral
materiality 0.75
AppLovin prices $3.55B senior notes offering to repay secured term loans
AppLovin Corp
- Priced $3.55B senior notes: $1B 5.125% due 2029, $1B 5.375% due 2031, $1B 5.500% due 2034, $550M 5.950% due 2054.
- Net proceeds to repay senior secured term loan facilities due 2028 and 2030; balance for general corporate purposes.
- Closing expected December 5, 2024, subject to customary conditions.
- Notes are senior unsecured obligations; no subsidiary guarantees.