Coupang, Inc. (CPNG): debt financing — Coupang enters $1.5B unsecured revolving credit facility, replacing prior facility.

Coupang, Inc.

New $1.5B unsecured revolving credit facility, five-year term, extendable up to two additional one-year terms.
Interest rate spreads: 0.75% to 1.25% over benchmark (Term SOFR etc.) depending on debt ratings; alternate base rate 0.00%-0.25%.
Unused commitment fee 0.065% to 0.175% based on ratings; proceeds for working capital and general corporate purposes.
Prior $1.5B revolving credit facility from February 2021 terminated concurrently.
Administrative agent JPMorgan; joint lead arrangers include Goldman Sachs, HSBC, DBS, Bank of America, Morgan Stanley, Mizuho, Citibank, MUFG.

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. incurred revolving credit of up to $1.5 billion with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR, EURIBOR, HIBOR, TIBOR, or SONIA plus an applicable margin ranging fro maturing five years.

Instrument: revolving credit
Principal: up to $1.5 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: Term SOFR, EURIBOR, HIBOR, TIBOR, or SONIA plus an applicable margin ranging fro
Maturity: five years
Event: incurrence

Exact text from the filing

facility. The Credit Agreement provides Coupang and certain of its subsidiaries with a syndicated, unsecured revolving credit facility with a total borrowing capacity of up to $1.5 billion. The term of the Credit Agreement is five years, but it may be extended on up to two occasions for additional one-year terms if approved by the lenders. Borrowings under the

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Source: SEC EDGAR

accession 0001834584-25-000106

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