Yelp amends credit facility, ups borrowing capacity to $325M, appoints Wells Fargo as agent

YELP INC

Total borrowing capacity increased to $325M; letter of credit sub-limit raised to $35M.
Wells Fargo Bank replaces JPMorgan Chase as administrative and collateral agent.
No loans outstanding; $4.2M in letters of credit issued as of December 18, 2025.
No material changes to interest rates, fees, covenants, or defaults under the agreement.

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