AppLovin Corp (APP): debt financing — AppLovin amends credit agreement: $610M revolver, maturity extended; annual meeting results

AppLovin Corp

Amendment No. 8 increases Revolving Credit Commitments by $10M to $610M aggregate.
Revolver maturity extended to earlier of 91 days before term loan maturity or June 12, 2028.
At June 7 annual meeting, all eight director nominees elected, including Adam Foroughi and Herald Chen.
Stockholders ratified Deloitte as auditor and approved say-on-pay; board adopts every-3-year frequency.

item 1.01 item 2.03 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AppLovin Corp amended credit facility of $610.0 million with Bank of America, N.A. maturing June 12, 2028.

Instrument: credit facility
Principal: $610.0 million
Counterparty: Bank of America, N.A.
Maturity: June 12, 2028
Event: amendment

Exact text from the filing

than October 25, 2028 have been repaid in full prior to such date) and (y) June 12, 2028, (ii) increased the Revolving Credit Commitments by $10.0 million to an aggregate of $610.0 million and (iii) made certain other modifications to the terms with respect thereto. The foregoing description is qualified in its entirety by reference to the terms of Amendment No. 8

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

AppLovin Corp amended Amendment No. 8 with Bank of America, N.A., as administrative agent and collateral agent, and the other parties thereto valued at $610.0 million (effective 2023-06-12).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent and collateral agent, and the other parties thereto
Value: $610.0 million
Effective: 2023-06-12

Exact text from the filing

On June 12, 2023, AppLovin Corporation (“AppLovin” or “Company”) entered into Amendment No. 8 (“Amendment No. 8”) to that certain Credit Agreement, dated as of August 15, 2018, by and among AppLovin, as borrower, Bank of America, N.A., as administrative agent and collateral agent, and the other parties thereto

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AppLovin Corp shareholders approved To approve, on an advisory basis, the compensation of the Company’s named executive officers at the 2023-06-07 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-06-07

Exact text from the filing

3. To approve, on an advisory basis, the compensation of the Company’s named executive officers

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AppLovin Corp shareholders approved To recommend, on an advisory basis, the frequency of future stockholder advisory votes on the compensation of the Company’s named executive officers at the 2023-06-07 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-06-07

Exact text from the filing

4. To recommend, on an advisory basis, the frequency of future stockholder advisory votes on the compensation of the Company’s named executive officers

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AppLovin Corp shareholders approved To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2023 at the 2023-06-07 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-06-07

Exact text from the filing

2. To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2023

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

AppLovin Corp shareholders approved To elect eight directors to serve until the 2024 annual meeting of stockholders and until their successors are duly elected and qualified at the 2023-06-07 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-06-07

Exact text from the filing

1. To elect eight directors to serve until the 2024 annual meeting of stockholders and until their successors are duly elected and qualified

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7 debt financings filed in the last 30 days. Browse all debt financings →

AppLovin Corp filing history →

Source: SEC EDGAR

accession 0001751008-23-000054

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