AppLovin Corporation has received investment grade ratings of BBB- from both S&P Global Ratings and Fitch Ratings, prompting the company to transition to an all unsecured debt capital structure. The company has secured syndication commitments from a banking group led by JPMorgan Chase for a new $1 billion unsecured revolving credit facility.The closing of the proposed facility is contingent upon terminating the existing senior secured credit facility and repaying secured term loans, either through cash, long-term unsecured debt financing, or a combination of both. The company is scheduled to begin meetings with potential fixed income investors on November 19, 2024, though the successful completion of the proposed facility cannot be guaranteed.

AppLovin Corporation has received investment grade ratings of BBB- from both S&P Global Ratings and Fitch Ratings, prompting the company to transition to an all unsecured debt capital structure. The company has secured syndication commitments from a banking group led by JPMorgan Chase for a new $1 billion unsecured revolving credit facility.The closing of the proposed facility is contingent upon terminating the existing senior secured credit facility and repaying secured term loans, either through cash, long-term unsecured debt financing, or a combination of both. The company is scheduled to begin meetings with potential fixed income investors on November 19, 2024, though the successful completion of the proposed facility cannot be guaranteed.