Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.98
Robinhood Markets, Inc. amended revolving credit of $2.25 billion total commitment; increased up to $3.375 billion with JPMorgan Chase Bank, N.A. at Daily Simple SOFR plus 0.10%, with applicable margin of 1.25% (Tranche A) and 2. maturing 364 days from March 22, 2024.
- Instrument
- revolving credit
- Principal
- $2.25 billion total commitment; increased up to $3.375 billion
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- Daily Simple SOFR plus 0.10%, with applicable margin of 1.25% (Tranche A) and 2.
- Maturity
- 364 days from March 22, 2024
- Event
- amendment
Exact text from the filing
secured revolving credit facility entered into in March 2023. The Credit Agreement provides for a 364-day senior secured revolving credit facility with a total commitment of $2.25 billion. Under circumstances described in the Credit Agreement, the aggregate commitments may be increased by up to $1.125 billion, for a total commitment under the Credit Agreement of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Robinhood Markets, Inc. amended Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $2.25 billion (effective 2024-03-22).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $2.25 billion
- Effective
- 2024-03-22
Exact text from the filing
On March 22, 2024, Robinhood Securities, LLC (“RHS”), a subsidiary of Robinhood Markets, Inc. (the “Registrant” or “RHM”), entered into the Third Amended and Restated Credit Agreement (the “Credit Agreement”) among RHS, as borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, amending and restating the $2.175 billion 364-day senior secured revolving credit facility entered into in March 2023.
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