Coupang, Inc. (CPNG): debt financing — Coupang extends revolver maturity to 2026, cuts commitments to $875M, enables Farfetch JV

Coupang, Inc.

Maturity of revolving credit facility extended to February 27, 2026 (from 2024).
Aggregate commitments reduced to $875 million; no outstanding borrowings as of Jan 29.
Designates Surpique LP as unrestricted subsidiary for acquisition of Farfetch Holdings.
Non-extending lenders (Deutsche Bank, UBS, Citicorp) have commitments terminated.
Upfront fee of 0.10% of commitment paid to consenting lenders.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Coupang, Inc. amended revolving credit of reduced to $875,000,000 maturing February 27, 2026.

Instrument: revolving credit
Principal: reduced to $875,000,000
Maturity: February 27, 2026
Event: amendment

Exact text from the filing

of acquiring all of the business and assets of Farfetch Holdings plc. Effective as of February 27, 2024, the aggregate commitments under the Credit Agreement will be reduced to $875,000,000 in accordance with the terms of the Fifth Amendment. As of January 29, 2024, there was no balance outstanding on the revolving credit facility. The description set forth above

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Coupang, Inc. amended Fifth Amendment valued at $875,000,000 (effective 2024-01-29).

Action: amendment
Agreement: credit facility
Value: $875,000,000
Effective: 2024-01-29

Exact text from the filing

Effective as of February 27, 2024, the aggregate commitments under the Credit Agreement will be reduced to $875,000,000 in accordance with the terms of the Fifth Amendment.

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299 debt financings filed in the last 30 days. Browse all debt financings →

Coupang, Inc. filing history →

Source: SEC EDGAR

accession 0001834584-24-000004

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