Applovin announces pricing of new $1.5 billion term loan

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.
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