Applovin announces plan to raise new $1.5 billion term loan

Palo alto, calif.--(business wire)--applovin corporation (nasdaq: app), a leading marketing software company, today announced its plan to raise a new $1.5 billion term loan. the company intends to use the net proceeds for general corporate purposes, including but not limited to acquisitions. the proposed transaction is subject to market and other conditions and there can be no assurance that applovin will be able to successfully complete the transaction, as described above, or at all. jpmorgan
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