Summary by Moomoo AI
AppLovin Corporation announced on November 20, 2024, the pricing of a $3.55 billion senior notes offering, comprising four tranches: $1 billion of 5.125% notes due 2029, $1 billion of 5.375% notes due 2031, $1 billion of 5.500% notes due 2034, and $550 million of 5.950% notes due 2054.The company plans to use the net proceeds to fully repay its senior secured term loan facilities due 2028 and 2030, with any remaining funds allocated for general corporate purposes. The offering is expected to close on December 5, 2024, subject to customary closing conditions.J.P. Morgan Securities, BofA Securities, and Morgan Stanley & Co. will serve as joint book-running managers for the public offering, which is being conducted under an effective shelf registration statement filed with the SEC.