AppLovin Corporation, a leading marketing software company, today announced the closing of a new, seven year, $1.5 billion term loan. The term loan was issued at 99.75% of the aggregate principal amount and will bear interest at a rate of LIBOR plus 3.00% with a 0.50% LIBOR floor. As previously discussed, the Company intends to use the net proceeds for general corporate purposes, including but not limited to acquisitions.
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JPMorgan Chase Bank, N.A (JPM), BofA Securities, Inc. (BAS), KKR Capital Markets LLC (KCM), Citigroup, N.A. (Citi), Credit Suisse Loan Funding LLC (CS), Goldman Sachs Bank USA (GS), Morgan Stanley Senior Funding, Inc. (MSSF), and UBS Securities LLC (UBSS) acted as joint lead arrangers (collectively, including any of the foregoing in their capacity as Joint Lead Bookrunners, each as a “Lead Arranger”).
JPM, BAS, KCM, Citi, GS and MSSF also acted as joint bookrunners collectively, in such capacity, the “Joint Lead Bookrunners”.
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