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SELECTED TRANSACTION DETAILS
Bank Syndicate Provides $1.5B Term Loan to AppLovin
Thursday, October 28, 2021

Lenders/Participants 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]
Structure Term Loan
Amount $1.500 Billion
Borrower(s) AppLovin
Description 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.
Industry Technology
Related Tags Citigroup, Goldman Sachs Bank, JPMorgan Chase Bank, Morgan Stanley Senior Funding




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