BREAKING: Robinhood subsidiary RHS signs 5th Amended & Restated Credit Agreement — $3.25B 364‑day senior…
Filed with the SEC on · Summarized by InvestorsBot
BREAKING: Robinhood subsidiary RHS signs 5th Amended & Restated Credit Agreement — $3.25B 364‑day senior secured revolver (up from $2.65B) with a $1.625B accordion (total potential $4.875B). 🚨 $HOOD #Robinhood #Liquidity #FinTwit
ALERT: Material liquidity boost — immediate access to $3.25B (expandable) to fund ops/market‑making and avoid an equity raise. Tradeoff: secured borrowing, added leverage and covenants that may restrict buybacks/dividends. ⚠️ $HOOD #Capital #Markets #Risk
Confirmed: Facility has Tranche A/B/C (different assets pledged); interest = max(SOFR, Fed Funds, OBFR)+margin (1.25% A; 2.50% B/C); undrawn fee 0.45%; 364‑day term. Standard covenants, tangible net worth & excess net capital tests; defaults can accelerate. 📄🔒 $HOOD #Bonds #Liquidity #FinTwit