home · filing · 0001783879-25-000097
8-K filed March 25, 2025, 7:59 PM ET
ticker HOOD
CIK 0001783879
debt
confidence high
sentiment positive
materiality 0.70
Robinhood subsidiary upsizes credit facility to $2.65B, appoints Meta CRO Hegeman to board
Robinhood Markets, Inc.
New $2.65B 364-day senior secured revolver replaces $2.25B facility; can expand by $1.325B to $3.975B.
Interest: Daily Simple SOFR + 0.10% floor plus margins 1.25% (Tranche A) or 2.50% (Tranches B & C); commitment fee 0.50%.
John Hegeman, Meta Chief Revenue Officer, appointed to board effective March 21, 2025; joins Safety, Risk and Regulatory Committee.
Board expanded from nine to ten directors; Hegeman's initial term ends at 2025 annual meeting.
Credit agreement requires minimum tangible net worth, excess net capital, and net capital to debit items ratio covenants.
Executive movements
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Effective 2025-03-21
Filed March 25, 2025, 7:59 PM ET
On March 21, 2025, the board of directors (the “Board”) of Robinhood appointed John Hegeman to the Board, effective immediately.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
John Hegeman was appointed as Director at Robinhood Markets, Inc..
Action appointed
Role Director
Exact text from the filing
On March 21, 2025, the board of directors (the “Board”) of Robinhood appointed John Hegeman to the Board, effective immediately.
View on SEC.gov
Source: SEC EDGAR
accession 0001783879-25-000097
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