Summary by Moomoo AI
On January 29, 2024, Coupang, Inc. entered into the Fifth Amendment of its Revolving Credit and Guaranty Agreement, which was originally established on February 27, 2021. This amendment extends the maturity of Coupang's revolving credit facility to February 27, 2026, and allows for the designation of certain subsidiaries as unrestricted subsidiaries, including Surpique LP. Surpique LP, a partnership with Greenoaks Capital Partners, LLC, is set up for the acquisition of Farfetch Holdings plc's business and assets. The amendment also reduces the aggregate commitments under the Credit Agreement to $875 million effective February 27, 2024. As of the amendment date, there was no outstanding balance on the revolving credit facility. The Fifth Amendment, including the Credit Agreement, is filed as an exhibit to the report and incorporated by reference.