Reddit enters amended credit agreement reducing revolver to $500M, extending maturity to 2030

Reddit, Inc.

Entered $500M revolver (reduced from prior) maturing July 1, 2030, amending existing credit agreement.
Maturity extended to July 1, 2030; letter of credit sublimit maintained at $100M.
Removed credit spread adjustments from interest rate calculations; pricing otherwise substantially similar.
Financial covenants modified to include a maximum total leverage ratio beginning after July 1, 2025.
Collateral includes substantially all assets; guarantees/collateral to fall away upon investment grade ratings from two agencies.

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