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BRIEF-Palantir Technologies Says Co & Unit Entered Into Amendment No. 11 To Revolving Credit Agreement & Incremental Agreement

Reuters2021-04-03

April 2 (Reuters) - Palantir Technologies Inc :

* PALANTIR TECHNOLOGIES - ON APRIL 1, CO, UNIT PALANTIR USG ENTERED INTO AMENDMENT NO. 11 TO REVOLVING CREDIT AGREEMENT & INCREMENTAL AGREEMENT

* PALANTIR TECHNOLOGIES - AMENDMENT PROVIDES FOR INCREASE OF $200 MILLION TO REVOLVING COMMITMENTS OF EXISTING LENDERS UNDER EXISTING CREDIT AGREEMENT

* PALANTIR TECHNOLOGIES - AMENDMENT PROVIDES FOR INCREMENTAL LOAN FACILITY OF ADDITIONAL TERM LOANS OR REVOLVING LOANS OF UP TO $100 MILLION

* PALANTIR TECHNOLOGIES - AT CLOSING OF ELEVENTH AMENDMENT, PREPAID ALL OF ITS OUTSTANDING TERM LOANS UNDER CREDIT AGREEMENT IN AMOUNT OF $200 MILLION

Source text: () Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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评论26

  • QLM
    ·2021-04-05
    Follow
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  • 2Ez4Atreezy
    ·2021-04-05
    to the moonlike and comment back please
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  • Jliang
    ·2021-04-05
    Please like and comment :))
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    收起
  • KTX
    ·2021-04-04
    Like and comment please 
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  • Teete
    ·2021-04-04
    Is it gonna go up soon? :(
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  • 堵神
    ·2021-04-04
    What is the target price?
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  • PangKW
    ·2021-04-04
    Following
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  • JuanPeppa
    ·2021-04-03
    From my understanding this means that palantir has enterred a new agreement where it can loan up to 500 million total, 400 million from existing lenders and 100 million from new or existing lenders. Simultaneously they paid off their prior 200 million loan and are currently debt less. What this means is that this is nothing more than a mere updating ofa lending agreement, allowing them to borrow more than what they were previously allowed for future growth. With interest rates rising soon, especially with unemployment datatrending positively,securing greater sources of cash flows earlier might prove a smart move to secure more growth funds if necessary at a cheaper cost. This is completely my opinion and may be wrong.
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  • agoyagi
    ·2021-04-03
    Relax and wait for Pltr to 5x.
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  • kenong62
    ·2021-04-03
    Stupid ceo
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  • KageL
    ·2021-04-03
    Coins [开心] 
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  • Kiteflying
    ·2021-04-03
    Waiting for it to run again 
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  • AlexWong
    ·2021-04-03
    Waiting for it to run!
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  • Relaxtrade
    ·2021-04-03
    Eli5
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  • TheRainmaker
    ·2021-04-03
    Yh
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    收起
  • MingXuan
    ·2021-04-03
    Hi
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    • MingXuan
      yo
      2021-04-03
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  • Alfred1007
    ·2021-04-03
    Looks like a bad news[思考] [思考] 
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  • Humble_Teoh
    ·2021-04-03
    Hope this is great news to boost it up
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    • MingXuan
      hi
      2021-04-03
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  • ChiN
    ·2021-04-03
    ...loans are bad, extending and increasing is worst but will extend customers lifeline
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  • Jliang
    ·2021-04-03
    Please comment and like. Thank you:))
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