Item 1.01 Entry into a Material Definitive Agreement
On October 25, 2021, AppLovin Corporation ("AppLovin") entered into Amendment
No. 6 ("Amendment No. 6"), to that certain Credit Agreement, dated as of
August 15, 2018, by and among AppLovin, as borrower, Bank of America, N.A., as
administrative agent and collateral agent, and the other parties thereto, as
amended by Amendment No. 1 to the Credit Agreement, dated as of April 23, 2019,
Amendment No. 2 to the Credit Agreement, dated as of April 27, 2020, Amendment
No. 3 to the Credit Agreement, dated as of May 6, 2020, Amendment No. 4 to the
Credit Agreement, dated as of October 27, 2020 and Amendment No. 5 to the Credit
Agreement, dated as of February 12, 2021 (the "Credit Agreement"; and as amended
by Amendment No. 6, the "Amended Credit Agreement").
Pursuant to Amendment No. 6 and the Amended Credit Agreement, certain additional
lenders agreed to provide incremental loans in an aggregate amount of
$1.5 billion (such incremental loans, the "Amendment No. 6 New Term Loans"). The
Amendment No. 6 New Term Loans have (a) a maturity date of October 25, 2028 (or
if not a business day, the immediately preceding business day), (b) a floor on
LIBOR Loans of 50 basis points, and (c) an applicable margin for LIBOR Loans
equal to 3.00% (or 2.00% for ABR Loans), in each case, subject to and in
accordance with the terms and conditions of the Amended Credit Agreement. Except
as set forth in Amendment No. 6 and the Amended Credit Agreement, the other
terms and conditions of the Amendment No. 6 New Term Loans are consistent with
the term loans outstanding immediately prior to the effectiveness of Amendment
No. 6.
The foregoing description is qualified in its entirety by reference to the terms
of Amendment No. 6 (including the Amended Credit Agreement attached thereto). A
copy of Amendment No. 6 is attached hereto as Exhibit 10.1 and is incorporated
by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The information set forth under Item 1.01 is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit
No. Exhibit Description
10.1 Amendment No. 6 to Credit Agreement, by and between the registrant,
the lenders from time to time thereto, Bank of America, N.A., as
administrative agent and collateral agent, and the other parties
thereto, dated October 25, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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