AppLovin completed a public offering of $3.55 billion in Senior Notes on December 5, 2024, comprising four tranches due 2029, 2031, 2034, and 2054, with interest rates ranging from 5.125% to 5.950%. The net proceeds of approximately $3.519 billion will be used to repay existing term loan facilities. Interest payments will be made semi-annually starting June 1, 2025.Concurrently, AppLovin entered into a new $1 billion unsecured revolving credit facility, maturing on December 5, 2029, with major financial institutions. The facility includes an uncommitted accordion feature allowing for an additional $1 billion increase. Borrowing rates are based on either a base rate or Term SOFR rate plus an applicable margin, which varies based on the company's public debt credit rating.As part of this financial restructuring, AppLovin terminated all outstanding commitments and repaid all obligations under its previous Credit Agreement dated August 15, 2018. These moves signify a significant shift in AppLovin's debt structure, potentially improving its financial flexibility and long-term debt profile.

AppLovin completed a public offering of $3.55 billion in Senior Notes on December 5, 2024, comprising four tranches due 2029, 2031, 2034, and 2054, with interest rates ranging from 5.125% to 5.950%. The net proceeds of approximately $3.519 billion will be used to repay existing term loan facilities. Interest payments will be made semi-annually starting June 1, 2025.Concurrently, AppLovin entered into a new $1 billion unsecured revolving credit facility, maturing on December 5, 2029, with major financial institutions. The facility includes an uncommitted accordion feature allowing for an additional $1 billion increase. Borrowing rates are based on either a base rate or Term SOFR rate plus an applicable margin, which varies based on the company's public debt credit rating.As part of this financial restructuring, AppLovin terminated all outstanding commitments and repaid all obligations under its previous Credit Agreement dated August 15, 2018. These moves signify a significant shift in AppLovin's debt structure, potentially improving its financial flexibility and long-term debt profile.