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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

YELP INC amended First Amendment to Revolving Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association valued at $325.0 million (effective 2025-12-18).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association
Value: $325.0 million
Effective: 2025-12-18

Exact text from the filing

On December 18, 2025, Yelp Inc. (the “Company”) entered into the First Amendment to Revolving Credit and Guaranty Agreement (the “Amendment”) with the lenders party thereto, JPMorgan Chase Bank, N.A., as the existing administrative agent and collateral agent, and Wells Fargo Bank, National Association, as the successor administrative agent and collateral agent, which amended the Company’s Revolving Credit and Guaranty Agreement, dated as of April 28, 2023 (the “Credit Agreement”).

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Source: SEC EDGAR

accession 0001345016-25-000086

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