Coupang Inc. Secures $1.5 Billion Unsecured Revolving Credit Facility in New Five-Year Agreement with JPMorgan Chase

Reuters
06-06
Coupang Inc. Secures $1.5 Billion Unsecured Revolving Credit Facility in New Five-Year Agreement with JPMorgan Chase

Coupang Inc. has entered into a new five-year revolving credit agreement with JPMorgan Chase Bank, N.A., acting as the administrative agent, and other lenders. This new credit facility replaces a previous agreement from February 2021 and provides Coupang and its subsidiaries with a borrowing capacity of up to $1.5 billion. The agreement includes the possibility of two one-year extensions, subject to lender approval. Borrowings will be used for general corporate purposes and working capital. The interest rate on these borrowings is determined by applicable benchmark rates plus a margin, which varies based on Coupang's debt ratings. The agreement includes customary covenants and conditions, with potential for immediate repayment and termination upon default.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coupang Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001834584-25-000106), on June 05, 2025, and is solely responsible for the information contained therein.

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