secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001705110-25-000138
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Inc. subsidiary enters $175M senior secured revolving credit facility
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- Borrower ANGI Group, LLC obtains $175M revolving facility maturing Nov 6, 2030, with JPMorgan as administrative agent.
- Includes $25M letter of credit sublimit; loans available in USD, CAD, GBP, EUR, and JPY.
- Interest: Term SOFR + 2.75% or ABR + 1.75%; commitment fee 0.40% on undrawn amounts.
- Proceeds for working capital, general corporate purposes, and refinancing of 3.875% Senior Notes due 2028.
- Covenant requires total net leverage ratio ≤ 4.00x if loans outstanding or LC usage exceeds $10M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511025000138/0001705110-25-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511025000138/angi-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001705110-25-000138

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