---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-24-000087"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:09:51.970636+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Robinhood Securities amends credit facility to $2.25B, up to $3.375B possible

## Summary
- Robinhood Securities enters Third Amended Credit Agreement, increasing revolving facility to $2.25B from $2.175B.
- Facility has accordion feature allowing increase up to $3.375B.
- No borrowings outstanding as of March 22, 2024; $2.25B available.
- Tranche A margin 1.25%, Tranche B/C margin 2.50%, commitment fee 0.50%.
- Maturity 364 days from March 22, 2024.

## SEC filing metadata
- accession: 0001783879-24-000087
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000087/0001783879-24-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000087/hood-20240322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-24-000087
- JSON: https://secwatch.observer/filing/0001783879-24-000087.json
- Plain text: https://secwatch.observer/filing/0001783879-24-000087.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000087/0001783879-24-000087-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387924000087/0001783879-24-000087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.