Palantir adds incremental $450 million delayed-draw term loan

By Wendy Van Sickle

Columbus, Ohio, July 1 – Palantir Technologies Inc. amended its credit agreement on Friday with Morgan Stanley Senior Funding, Inc. listed as administrative agent to add a $450 million incremental delayed-draw term loan facility, according to an 8-K filing with the Securities and Exchange Commission.

The incremental facility may be drawn in up to four separate installments with a minimum amount of $50 million each through July 1, 2023. It will mature on March 31, 2027 and has no scheduled amortization payments until maturity.

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

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