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.

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