Remitly Global, Inc. has entered into an amendment to its existing credit agreement, increasing the size of its secured revolving credit facility. The filing, dated October 26, 2026, details the terms of Amendment No. 2 to the Credit Agreement, which was originally dated June 24, 2025.
Under the new terms, the aggregate amount of the revolving credit facility has been raised from $550,000,000 to $1,000,000,000. Additionally, the letter of credit sub-facility has been increased from $200,000,000 to $400,000,000. The agreement is among Remitly Global, Remitly, Inc., a group of financial institutions acting as lenders, and JPMorgan Chase Bank, N.A., which serves as the issuing bank, administrative agent, and collateral agent.
Remitly stated that it anticipates using the proceeds from the increased facility primarily to support the prefunding of customer flows within its global remittance business. The company also indicated that the funds will be used for general corporate purposes.
