Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SoFi Technologies, Inc. incurred revolving credit of $486 million with Goldman Sachs Bank USA at Term SOFR plus a credit spread adjustment of 0.10% plus an applicable margin of maturing five years from the Closing Date.
- Instrument
- revolving credit
- Principal
- $486 million
- Counterparty
- Goldman Sachs Bank USA
- Rate
- Term SOFR plus a credit spread adjustment of 0.10% plus an applicable margin of
- Maturity
- five years from the Closing Date
- Event
- incurrence
Exact text from the filing
On the Closing Date, the Company was deemed to incur $486 million in borrowings under the Credit Agreement to repay all amounts outstanding under the Existing Credit Agreement.
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Executive change
SEC 8-K Item 5.02
confidence 0.95
John Hele was appointed as Director at SoFi Technologies, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On April 27, 2023, John Hele was appointed to the Company's board of directors with a term commencing May 1, 2023 and expiring at the 2023 annual meeting of stockholders where he will be standing for re-election.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SoFi Technologies, Inc. amended Amended and Restated Revolving Credit Agreement with Goldman Sachs Bank USA, as administrative agent, and the lenders and issuing banks party thereto (effective 2023-04-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Goldman Sachs Bank USA, as administrative agent, and the lenders and issuing banks party thereto
- Effective
- 2023-04-28
Exact text from the filing
On April 28, 2023 (the “Closing Date”), SoFi Technologies, Inc. (the “Company”), the lenders party thereto, the issuing banks party thereto and Goldman Sachs Bank USA, as administrative agent, entered into that certain Amended and Restated Revolving Credit Agreement (the “Credit Agreement”), which amends and restates that certain Revolving Credit Agreement, dated as of September 27, 2018 (as amended, supplemented or otherwise modified prior to the date hereof, including pursuant to Amendment No. 1, dated as of March 29, 2022, the “Existing Credit Agreement”), among Social Finance, Inc., the lenders party thereto, the issuing banks party thereto and Goldman Sachs Bank USA, as administrative agent.
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