Playtika Holding Corp. (PLTK): debt financing — Playtika amends credit facility: revolver cut to $550M, maturity extended to 2027

Playtika Holding Corp.

Revolving facility reduced from $600M to $550M; maturity extended to Sept 11, 2027 subject to conditions.
Pricing grid amended; SOFR loans margin 3.00% with step-downs based on first lien net leverage ratio.
Non-consenting lenders replaced; Wells Fargo and Bank Mizrahi-Tefahot added as lenders.
UBS AG Stamford Branch resigns as L/C issuer under the credit agreement effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Playtika Holding Corp. amended revolving credit of decreased the aggregate principal amount of the Revolving Credit Facility from $600 million to $550 million with UBS AG, Stamford Branch at applicable margin with respect to the Revolving Credit Facility is 3.00% per ann maturing extend the maturity of the Revolving Credit Facility to September 11, 2027.

Instrument: revolving credit
Principal: decreased the aggregate principal amount of the Revolving Credit Facility from $600 million to $550 million
Counterparty: UBS AG, Stamford Branch
Rate: applicable margin with respect to the Revolving Credit Facility is 3.00% per ann
Maturity: extend the maturity of the Revolving Credit Facility to September 11, 2027
Event: amendment

Exact text from the filing

The Fourth Amendment, among other things, (a) amended the Pricing Grid (as defined in the Credit Agreement) for the Company’s revolving credit facility under the Credit Agreement (the “Revolving Credit Facility”), (b) decreased the aggregate principal amount of the Revolving Credit Facility from $600 million to $550 million and (c) will extend the maturity of the Revolving Credit Facility to September 11, 2027 subject to the satisfaction of certain conditions set forth therein.

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Source: SEC EDGAR

accession 0001193125-25-097703

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