The company completed a public offering of $1,000 million each of Senior Notes due 2029 at 5.125%, due 2031 at 5.375%, and due 2034 at 5.500%, and $550 million of Senior Notes due 2054 at 5.950%. The notes were issued on December 5, 2024.

1. 01

   The company completed a public offering of $1,000 million each of Senior Notes due 2029 at 5.125%, due 2031 at 5.375%, and due 2034 at 5.500%, and $550 million of Senior Notes due 2054 at 5.950%. The notes were issued on December 5, 2024.

2. 02

   AppLovin said the net proceeds from the notes were about $3,519 million, after deducting the underwriters' discount but before other expenses, and will be used to repay in full its senior secured term loan facilities due 2028 and 2030.

3. 03

   The company entered into an unsecured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent on December 5, 2024. Total commitments are $1,000 million (with a $100 million letter of credit sublimit), and the facility matures on December 5, 2029. An uncommitted accordion feature allows the company to request an increase of up to an additional $1,000 million.

4. 04

   The company said that, concurrently with the sale of the notes and its entry into the unsecured revolving credit facility, it terminated all commitments and repaid all outstanding obligations under its credit agreement dated August 15, 2018, with Bank of America, N.A. as administrative agent and collateral agent, on December 5, 2024.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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