The company said it is starting a series of meetings on November 19, 2024 as part of its efforts to transition to an all unsecured debt capital structure, after receiving investment grade ratings from S&P Global Ratings (BBB-) and Fitch Ratings (BBB-).

1. 01

   The company said it is starting a series of meetings on November 19, 2024 as part of its efforts to transition to an all unsecured debt capital structure, after receiving investment grade ratings from S&P Global Ratings (BBB-) and Fitch Ratings (BBB-).

2. 02

   AppLovin said it has received customary syndication commitments for a new unsecured revolving credit facility of up to $1,000 million from a group of banks led by JPMorgan Chase Bank, N.A., as administrative agent.

3. 03

   The company said closing of the new facility is conditioned on terminating its existing senior secured credit facility and repaying the secured term loans under it. The repayment may be made with cash, with proceeds from long-term unsecured debt financing, or with a combination of both.

4. 04

   The company said it is holding a series of meetings with potential fixed income investors on November 19, 2024, and that no assurances can be given on whether the new facility will close or on the structure, size or outcome of any proposed unsecured debt transaction.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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