SEC Form 8-K filed by Applovin Corporation
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company
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| Item 7.01 | Regulation FD Disclosure |
On November 19, 2024, AppLovin Corporation (the “Company”) is commencing a series of meetings that are part of the Company’s efforts to transition to an all unsecured debt capital structure, following the Company’s receipt of investment grade ratings from each of S&P Global Ratings (BBB-) and Fitch Ratings (BBB-).
The Company has received customary syndication commitments from a group of banks, led by JPMorgan Chase Bank, N.A., as administrative agent, for a new, unsecured revolving credit facility that would provide for borrowings of up to $1,000 million (the “Proposed Unsecured Revolving Credit Facility”). Closing of the Proposed Unsecured Revolving Credit Facility is conditioned upon the termination of the Company’s existing senior secured credit facility and the repayment of the secured term loans thereunder with cash or with the proceeds of long-term unsecured debt financing, or a combination of both.
In furtherance of the foregoing objectives, the Company is holding a series of meetings with potential fixed income investors on November 19, 2024. No assurances can be made as to whether the Company will be able to close upon the Proposed Unsecured Revolving Credit Facility or as to the structure, size or outcome of any proposed unsecured debt transaction.
The information in this current report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits:
| Exhibit No. |
Exhibit Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| APPLOVIN CORPORATION | ||||||
| Date: November 19, 2024 | /s/ Matthew A. Stumpf | |||||
| Matthew A. Stumpf | ||||||
| Chief Financial Officer | ||||||