Playtika cut its revolving credit facility to $550 million from $600 million on Apr 23, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Playtika Holding Corp. entered into a fourth amendment to its credit agreement on Apr 23, 2025, lowering its revolving credit facility from $600 million to $550 million. It reported the change in an 8-K filed Apr 28, 2025. A revolving credit facility is a line of credit a company can draw on, repay and draw on again. An 8-K is the form a US-listed company files to disclose an event; this one carries items 1.01 (a material agreement) and 2.03 (a new financial obligation).1^,2^,3^,4^,5

The amendment was also to extend the facility's maturity to Sept 11, 2027, subject to conditions it sets out, and it amended the facility's pricing grid, a term the credit agreement defines. Under the amended terms, borrowings bore interest, at Playtika's option, at Term SOFR (a forward-looking rate based on the secured overnight financing rate, with a floor of 0.00%) or at a base rate. A margin was added in each case. The margin was 3.00% a year on Term SOFR loans and 2.00% on base rate loans, with three step-downs of 0.25% that depended on the company's first lien net leverage ratio. Playtika was also required to pay each lender, quarterly, a commitment fee of 0.50% of the principal amount of that lender's unused commitments, with two step-downs of 0.125% tied to the same ratio.2^,6^,7^,8^,9

The credit agreement is dated Dec 10, 2019, and the 8-K names UBS AG, Stamford Branch, as administrative agent and collateral agent, as successor in interest to Credit Suisse AG, Cayman Islands Branch. Playtika is a publisher listed on Nasdaq as PLTK. Its revenue for the fiscal year that ended Dec 31, 2024 was $2.55 billion.1^,10^,11^,12^,13

For the terms, this article reads the 8-K's own text. The company says its description of the Fourth Amendment is not complete and refers to the full text, attached as Exhibit 10.1, which is not among the documents we read.14