AppLovin Corporation announced on November 20, 2024, the pricing of its public offering of $3.55 billion aggregate principal amount of senior notes. The offering includes $1.0 billion of 5.125% Senior Notes due 2029, $1.0 billion of 5.375% Senior Notes due 2031, $1.0 billion of 5.500% Senior Notes due 2034, and $550 million of 5.950% Senior Notes due 2054.
The company intends to use the net proceeds from this offering to repay in full its senior secured term loan facility due 2028 and its senior secured term loan facility due 2030. Any remaining net proceeds will be allocated for general corporate purposes, enhancing the company's financial flexibility.
The notes will be senior unsecured obligations of AppLovin and will not be guaranteed by any of its subsidiaries. The sale of the notes is expected to close on December 5, 2024, subject to customary closing conditions.
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