--- schema_version: "secwatch.filing_event.v1" accession: "0001751008-24-000017" form_type: "8-K" ticker: "APP" cik: "0001751008" company_name: "AppLovin Corp" filed_at: "2024-03-14T23:59:59+00:00" generated_at: "2026-06-04T19:56:06.426619+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # AppLovin refinances $3.56B term loans; new facilities mature in 2028 and 2030 ## Summary - Entered Amendment No. 10 to Credit Agreement on March 14, 2024; refinanced $1.464B (2028 maturity) and $2.093B (2030 maturity) term loans. - New Term SOFR Loans have 50 bps floor and 2.5% applicable margin (base rate loans 1.5% margin). - Voluntary prepayment of a portion of prior term loans; proceeds used to refinance remainder. - Maturity dates: Oct 25, 2028 (for $1.464B) and Aug 18, 2030 (for $2.093B). ## SEC filing metadata - accession: 0001751008-24-000017 - form_type: 8-K - ticker: APP - cik: 0001751008 - company_name: AppLovin Corp - filed_at: 2024-03-14T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1751008/000175100824000017/0001751008-24-000017-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751008/000175100824000017/app-20240314.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001751008-24-000017 - JSON: https://secwatch.observer/filing/0001751008-24-000017.json - Plain text: https://secwatch.observer/filing/0001751008-24-000017.txt ## Key facts - Debt Financings AppLovin Corp amended term loan of $1,463,750,000 with Bank of America, N.A. as administrative agent at interest rate floor of 50 basis points if Term SOFR Loans, and applicable margin maturing October 25, 2028. - Instrument: term loan - Principal: $1,463,750,000 - Counterparty: Bank of America, N.A. as administrative agent - Rate: interest rate floor of 50 basis points if Term SOFR Loans, and applicable margin - Maturity: October 25, 2028 - Event: amendment source text: In connection with and pursuant to Amendment No. 10, the Company voluntarily prepaid a portion of the term loans extended pursuant to Amendment No. 6 outstanding immediately prior to the effectiveness of Amendment No. 10, and certain lenders agreed to provide refinancing term loans in an aggregate amount of $1,463,750,000 (such refinancing term loans, the “Amendment No. 10-I Replacement Term Loans”), the proceeds of which were used to refinance the remainder of such term loans. The Amendment No. 10-I Replacement Term Loans have (a) a maturity date of October 25, 2028 (or if not a business day, the immediately preceding business day), (b) an interest rate “floor” of 50 basis points if such loans bear interest based on the secured overnight financing rate (such loans, “Term SOFR Loans”), and (c) an applicable margin for Term SOFR Loans equal to 2.5% (or 1.5% for base rate loans), in each case, subject to and in accordance with the terms and conditions of the Amended Credit Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1751008/000175100824000017/0001751008-24-000017-index.htm - Debt Financings AppLovin Corp incurred term loan of $2,092,500,000 with Bank of America, N.A. as administrative agent at interest rate floor of 50 basis points if Term SOFR Loans, and applicable margin maturing August 18, 2030. - Instrument: term loan - Principal: $2,092,500,000 - Counterparty: Bank of America, N.A. as administrative agent - Rate: interest rate floor of 50 basis points if Term SOFR Loans, and applicable margin - Maturity: August 18, 2030 - Event: incurrence source text: In addition, pursuant to Amendment No. 10, certain lenders agreed to provide incremental and refinancing term loans in an aggregate amount of $2,092,500,000 (such loans being referred to as the “Initial Term Loans”), certain of the proceeds of which were used to refinance all term loans (other than term loans extended pursuant to Amendment No. 6) outstanding immediately prior to the effectiveness of Amendment No. 10. The Initial Term Loans have (a) a maturity date of August 18, 2030 (or if not a business day, the immediately preceding business day), (b) an interest rate “floor” of 50 basis points if such loans are Term SOFR Loans, and (c) an applicable margin for Term SOFR Loans equal to 2.5% (or 1.5% for base rate loans), in each case, subject to and in accordance with the terms and conditions of the Amended Credit Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1751008/000175100824000017/0001751008-24-000017-index.htm - Material Agreements AppLovin Corp amended Amendment No. 10 with Bank of America, N.A. valued at $1,463,750,000 (effective 2024-03-14). - Action: amendment - Agreement: credit facility - Counterparty: Bank of America, N.A. - Value: $1,463,750,000 - Effective: 2024-03-14 source text: On March 14, 2024, AppLovin Corporation (“AppLovin” or “Company”) entered into Amendment No. 10 (“Amendment No. 10”) 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1751008/000175100824000017/0001751008-24-000017-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.