AppLovin prices $3.55B offering of senior notes

seekingalpha11-21 06:47

ipopba/iStock via Getty Images AppLovin (NASDAQ:APP) announced on Wednesday, the pricing of its public offering of $3.55B aggregate principal amount of senior notes consisting of $1,000M of 5.125% ...

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The company intends to use the net proceeds of the offering to repay in full its senior secured term loan facility due 2028 and its senior secured term loan facility due 2030 and, to the extent of any remaining net proceeds, for general corporate purposes. The company expects to close the sale of the Notes on December 5, 2024. The Notes will be senior unsecured obligations of the company and will not be guaranteed by any of its subsidiaries. J.P. Morgan Securities LLC, BofA Securities, Inc. and Morgan Stanley & Co. LLC are acting as joint lead book-running managers for the offering. 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