TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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October 27, 2021
Source: Businesswire
PALO ALTO, Calif.--(BUSINESS WIRE)--AppLovin Corporation (NASDAQ: APP), a leading marketing software company, today announced the closing of a new, seven year, $1.5 billion term loan. The term loan was issued at 99.75% of the aggregate principal amount and will bear interest at a rate of LIBOR plus 3.00% with a 0.50% LIBOR floor. As previously discussed, the Company intends to use the net proceeds for general corporate purposes, including but not limited to acquisitions.
JPMorgan Chase Bank, N.A (JPM), BofA Securities, Inc. (BAS), KKR Capital Markets LLC (KCM), Citigroup, N.A. (Citi), Credit Suisse Loan Funding LLC (CS), Goldman Sachs Bank USA (GS), Morgan Stanley Senior Funding, Inc. (MSSF), and UBS Securities LLC (UBSS) acted as joint lead arrangers (collectively, including any of the foregoing in their capacity as Joint Lead Bookrunners, each as a “Lead Arranger”).
JPM, BAS, KCM, Citi, GS and MSSF also acted as joint bookrunners collectively, in such capacity, the “Joint Lead Bookrunners”.
About AppLovin
AppLovin’s leading marketing software provides developers with a powerful, integrated set of solutions to grow their businesses. AppLovin enables developers to market, monetize, analyze and publish their apps. The company’s first party content includes over 200+ popular, engaging apps and its technology brings that content to millions of users around the world. AppLovin is headquartered in Palo Alto, California with several offices globally.
Contacts
Investors
Ryan Gee
ir@applovin.com
Press
Kim Hughes
press@applovin.com