Trade Desk enters $750M revolving credit facility maturing 2031, can be upsized to $1.5B

Trade Desk, Inc.

$750M revolving facility matures April 14, 2031; includes $100M letter of credit and $75M swingline sublimits.
Company may increase facility by up to $750M additional with lender consent.
Borrowings bear interest at Base Rate or term SOFR plus margin (0.125%-0.500% Base, 1.125%-1.500% SOFR).
Facility secured by substantially all assets; collateral release if investment-grade ratings achieved.
Covenant requires max consolidated funded net debt to EBITDA of 3.50x.

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

Trade Desk, Inc. amended Restated Loan and Security Agreement with a syndicate of banks, led by JPMorgan Chase Bank, N.A., as agent and arranger valued at $750.0 million revolving credit facility (effective 2026-04-14).

Action: amendment
Agreement: credit facility
Counterparty: a syndicate of banks, led by JPMorgan Chase Bank, N.A., as agent and arranger
Value: $750.0 million revolving credit facility
Effective: 2026-04-14

Exact text from the filing

On April 14, 2026, The Trade Desk, Inc. (the “Company”) entered into an amended and restated loan and security agreement, among the Company, as borrower, and a syndicate of banks, led by JPMorgan Chase Bank, N.A., as agent and arranger (the “Restated Loan and Security Agreement”), which amends and restates the terms of the Company’s revolving credit facility (as so amended and restated, the “Revolving Facility”).

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Trade Desk, Inc. filing history →

Source: SEC EDGAR

accession 0001671933-26-000038

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