debt
confidence high
sentiment neutral
materiality 0.70
AppLovin prices $3.55B senior notes (5.125%-5.950%) to refinance term loans
AppLovin Corp
- $3.55B senior notes: $1B 5.125% 2029, $1B 5.375% 2031, $1B 5.500% 2034, $550M 5.950% 2054.
- Proceeds to repay fully senior secured term loans due 2028 and 2030; remainder for general corporate purposes.
- Underwriters include J.P. Morgan, BofA Securities, and Morgan Stanley as representatives.
- Closing expected Dec 5, 2024, subject to customary closing conditions.