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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank Syndicate Provides $1.5B Term Loan to AppLovin
Thursday, October 28, 2021
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Lenders/Participants
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JPMorgan Chase Bank [Joint Lead Arranger, Joint Lead Arranger, Joint Bookrunner, Joint Bookrunner]
Bank of America Securities [Joint Lead Arranger, Joint Bookrunner]
Citigroup [Joint Lead Arranger, Joint Bookrunner]
Credit Suisse Loan Funding LLC [Joint Lead Arranger]
Goldman Sachs Bank USA [Joint Lead Arranger, Joint Bookrunner]
Morgan Stanley Senior Funding [Joint Lead Arranger, Joint Bookrunner]
UBS Securities LLC [Joint Lead Arranger]
KKR Capital Markets [Joint Bookrunner, Joint Book Manager]
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Structure
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Term Loan
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Amount
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$1.500
Billion
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Borrower(s)
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AppLovin
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Description
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A 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% with a 0.5% LIBOR floor. The company intends to use the net proceeds for general corporate purposes, including acquisitions.
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Industry
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Technology
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| Related Tags |
BofA Securities, Citigroup, Credit Suisse Loan Funding, Goldman Sachs Bank, JPMorgan Chase Bank, Morgan Stanley Senior Funding
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ABL Advisor
Deal Tables
2024
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