Palantir amends and restates revolver, lifts amount to $400 million

Chicago, April 5 – Palantir Technologies Inc. amended and restated its revolving credit agreement on April 1 with Morgan Stanley Senior Funding, Inc. listed as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amount that can be borrowed has been raised to $400 million from $200 million with the amendment.

The company may borrow an additional $100 million with one or more existing or new lenders upon mutual agreement between the company and the lenders.

The revolver matures June 4, 2023.

The revolver bears interest at Libor plus 275 basis points, subject to a 0% floor.

There is a commitment fee of 37.5 bps on revolving loans.

The company prepaid all outstanding amounts under the $200 million previous agreement at closing.

Commitments for the loan came from Morgan Stanley Senior Funding, Inc., Royal Bank of Canada and Credit Suisse AG, Cayman Islands Branch.

Morgan Stanley was the lead arranger and bookrunner.

Palantir Technologies is an American software company with headquarters in Denver.

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